Restaurant/Bar Opportunity in Washington
7880 Washington Village Drive Washington Township, OH 45459
7880 Washington Village Drive, Washington Township, OH, 45459
Contact for pricing
For Sale
Contact for pricing
Prime location with high visibility and ample parking.
Property Size9,202 SF
Lot Size2.63 Acres
Price / SF$222.78
Days on Market709
Property Features for 7880 Washington Village Drive
General Information
- Standard status
- Active
- Size
- 9,202 SF
- Lot size
- 2.63 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1994
Listing Agency
Apex Commercial Group, LLC
(937) 228-2800
Listed by
Matt Tunnacliffe · License #OH
Source
Crexi
Added: Aug 8, 2024 Checked: Jul 13 at 1:19 pm
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 Apex Commercial Group, LLC
Investment Insights
Based on property information with market context.
This property, situated on approximately 2.63 acres in Washington Township, offers a restaurant or bar opportunity. The building features approximately 9,022 square feet of space, including a bar with seating for over 40 patrons. The location provides high visibility with over 30,000 cars passing daily. The property benefits from a parking ratio of 15.5 spots per 1,000 square feet. Convenient access is provided, as the property is located approximately 0.7 miles from I-675 and approximately 2 miles from I-75. The layout offers room for customization and expansion, suitable for maintaining its current use or exploring new opportunities. The property is located in close proximity to retail, office, and multi-family developments.
Key Highlights
- Prime location in Washington Township with high visibility (30,000+ cars daily).
- Large 9,022± SF versatile space suitable for various business opportunities.
- Generous parking with a ratio of 15.5 spots per 1,000 square feet.
Local 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 | $165.6k | $18.00 |
| − Vacancy | −$12.8k | −$1.39 |
| EGI | $152.9k | $16.61 |
| − OpEx | −$38.2k | −$4.15 |
| NOI | $114.7k | $12.46 |
9,202 SF · lease $18.00/SF/yr · vacancy 7.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.64M
$1.43M – $1.91M
NOI $114,662 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$87.03M
$76.15M – $101.54M
NOI $6,092,341 @ 7.0% cap · market cap 297.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar For Sale Nearby
Similar Off Market Nearby
- Sam's Club Cafe — 1111 Miamisburg Centerville Rd, Washington Township, OH 45459
- Caesar's Drive Thru — 998 Miamisburg Centerville Rd, Washington Township, OH 45459
- Carrabba's Italian Grill — 900 Miamisburg Centerville Rd, Washington Township, OH 45459
- Two Wrights Pub — 1050 Miamisburg Centerville Rd, Dayton, OH 45458
- Frickers — 1383 Miamisburg Centerville Rd, Dayton, OH 45459
FAQs
What type of property is this?
Bar & Pub - Prime location with high visibility and ample parking.
Where is this bar & pub located?
The property is located at 7880 Washington Village Drive Washington Township, OH.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Prime location in Washington Township with high visibility (30,000+ cars daily).; Large 9,022± SF versatile space suitable for various business opportunities.; Generous parking with a ratio of 15.5 spots per 1,000 square feet.
