Free-Standing Restaurant with
763 Chestnut St Nelsonville, OH 45764
For Sale
Contact for pricing
Free-standing former restaurant with a drive-thru window and strong visibility from US 23 in Nelsonville.
Property Size2,010 SF
Lot Size0.47 Acres
Price / SF$298.51
Days on Market36
Property Features for 763 Chestnut St
General Information
Standard status
Active
Size
2,010 SF
Lot size
0.47 Acres
Property subtype
RETAIL
Listing Agency:
Cardinal Commercial Real Estate
(614) 403-8006
Listed By:
Jeff Mattingly
(614) 403-8006
Source:
Moodyscre
Added: Jun 24
Changed: Jul 25
Last Checked: Jul 28 at 1:40PM
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 Cardinal Commercial Real Estate
Investment Insights
Based on property information with market context.
This free-standing restaurant building includes a drive-thru window and was most recently operated as a restaurant. The property size is 2,010 square feet and sits on approximately 0.47 acres.
Located at 763 Chestnut St in Nelsonville, Ohio, the site offers strong visibility from US 23. Public remarks also indicate approximately 5,000 ADT and that the property is positioned in the center of retail activity.
For buyers seeking an accessible drive-thru format with a dedicated restaurant building footprint, this property provides a straightforward starting point for repositioning in a high-visibility corridor.
Located at 763 Chestnut St in Nelsonville, Ohio, the site offers strong visibility from US 23. Public remarks also indicate approximately 5,000 ADT and that the property is positioned in the center of retail activity.
For buyers seeking an accessible drive-thru format with a dedicated restaurant building footprint, this property provides a straightforward starting point for repositioning in a high-visibility corridor.
Key Highlights
- Free‑standing former restaurant with a drive‑thru window
- 2,010 SF building on 0.47 acres
- Strong visibility from US 23 with approx. 5,000 ADT
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.0k | $17.40 |
| − Vacancy | −$5.5k | −$2.73 |
| EGI | $29.5k | $14.67 |
| − OpEx | −$7.4k | −$3.67 |
| NOI | $22.1k | $11.01 |
2,010 SF · lease $17.40/SF/yr · vacancy 15.67% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$316.0K
$276.5K – $368.7K
NOI $22,120 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$459.1K
$401.7K – $535.6K
NOI $32,134 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Free-standing former restaurant with a drive-thru window and strong visibility from US 23 in Nelsonville.
Where is this drive through restaurant located?
The property is located at 763 Chestnut St Nelsonville, OH.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Free‑standing former restaurant with a drive‑thru window; 2,010 SF building on 0.47 acres; Strong visibility from US 23 with approx. 5,000 ADT
