Restaurant with Event
7345 E Main Street, Reynoldsburg, OH 43068
For Sale
$1,695,000
A two-level operation combines a commercial kitchen and dining room with an upstairs event venue.
Property Size9,072 SF
Price / SF$186.84
Days on Market477
Property Features for 7345 E Main Street
General Information
Standard status
Size
Property subtype
Restaurant
Patio
Equipment Included
Additional Details
Furnished
Road Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Hanna Commercial, LLC
(614) 888-3456
Listed By:
Julie Woodson · License #2016002723
(614) 506-0476
Source:
Douglaskeycresolutions
Added: Jul 21, 2025
Changed: Nov 7
Last Checked: Nov 8 at 5:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hanna Commercial, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 9,072-square-foot restaurant property dates to 1883 and includes a commercial kitchen, indoor bar, dining area, and outdoor patio. The second floor contains a remodeled event space with a bar. Furniture, fixtures, and equipment are included in the offering.
Positioned on a corner along E Main Street in Reynoldsburg, the property also includes a separate parcel across the street that provides parking.
Positioned on a corner along E Main Street in Reynoldsburg, the property also includes a separate parcel across the street that provides parking.
Key Highlights
- 9,072‑square‑foot building constructed in 1883
- Second‑floor event space with bar
- Commercial kitchen, indoor bar, dining area, and outdoor patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,466
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,589,320
$2.6M
Cap Rate 7%
$1,849,514
$1.8M
Cap Rate 9%
$1,438,511
$1.4M
Market Conditions
NOI Build-Up for 9,072 SF
Gross rent
$177.4K $19.56/SF
− Vacancy
−$4.8K −$0.53/SF
EGI
$172.6K $19.03/SF
− OpEx
−$43.2K −$4.76/SF
NOI
$129.5K $14.27/SF
Area
Franklin County, OH
Vacancy
2.72%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,589,320
Cap Rate 7%
$1,849,514
Cap Rate 9%
$1,438,511
Alternative Uses
Best Use
Specialty Retail
$1.85M
$1.62M – $2.16M
NOI $129,466 @ 7.0% cap · market cap 7.64%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43068, OH
59,585
Population
25,294
Households
2.4
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
19.6 sq mi
ZIP Area
3,040
Density / Sq Mi
$70,451
Median Household Income
$42,327
Median Earnings
$1,214
Median Rent
$225,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Conventional restaurants in Franklin County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A two-level operation combines a commercial kitchen and dining room with an upstairs event venue.
Where is this conventional restaurant located?
The property is located at 7345 E Main Street Reynoldsburg, OH.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 9,072‑square‑foot building constructed in 1883; Second‑floor event space with bar; Commercial kitchen, indoor bar, dining area, and outdoor patio
