Turnkey Restaurant/Bar in Revitalizing
For Sale
$850,000
7360 East Main Street, Reynoldsburg, OH 43068
Fully equipped restaurant/bar in a prime downtown location.
Property Size3,548 SF
Lot Size0.16 Acres
Days on Market332
Property Features for 7360 East Main Street
General Information
Standard status
Active
Size
3,548 SF
Lot size
0.16 Acres
Property subtype
Shopping Center - Restaurant
Building Details
Building Size
3,548 SF
Listing Agency:
RE/MAX
(614) 774-5692
Listed By:
Steven Beaver · License #275830
(614) 774-5692
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Aug 8
Last Checked: Aug 21 at 3:51AM
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 RE/MAX
Investment Insights
Based on property information with market context.
This turnkey restaurant and bar is situated in a downtown area undergoing significant revitalization, with the city investing millions to create a vibrant atmosphere. The property features a full kitchen with new equipment, a new roof, new fixtures, and an overhead vent. It includes ADA-compliant bathrooms and two outdoor patios offering views of the downtown area. The upper patio provides an elevated perspective of the surroundings. The sale encompasses the real estate, liquor license, equipment, and inventory. The bar has views, an upper loft bar and eating area overlooking the interior and outside, glass garage doors on both levels, wood floors, and character from the original building. Ample parking is available. Owner financing is available. The property is positioned as an investment opportunity in an upcoming area.
Key Highlights
- Turnkey restaurant/bar with all equipment, inventory, and real estate included.
- Located in a downtown area undergoing significant revitalization with millions being invested.
- Includes a liquor license.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,633
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,012,660
$1.0M
Cap Rate 7%
$723,329
$723.3K
Cap Rate 9%
$562,589
$562.6K
Market Conditions
NOI Build-Up for 3,548 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$69.4K $19.56/SF
− Vacancy
−$1.9K −$0.53/SF
EGI
$67.5K $19.03/SF
− OpEx
−$16.9K −$4.76/SF
NOI
$50.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,012,660
Cap Rate 7%
$723,329
Cap Rate 9%
$562,589
Alternative Uses
Best Use
Specialty Retail
$723.3K
$632.9K – $843.9K
NOI $50,633 @ 7.0% cap · market cap 5.96%
Second Best
Retail
$675.1K
$590.7K – $787.6K
NOI $47,258 @ 7.0% cap · market cap 5.56%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Turn key restaurant - Fully equipped restaurant/bar in a prime downtown location.
Where is this turn key restaurant located?
The property is located at 7360 East Main Street Reynoldsburg, OH.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Turnkey restaurant/bar with all equipment, inventory, and real estate included.; Located in a downtown area undergoing significant revitalization with millions being invested.; Includes a liquor license.
