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    1565 Marion-Waldo Rd Marion, OH 43302

    For Sale
    $524,900

    Established Restaurant, High Traffic Location

    Property size:
    3,840 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This turnkey restaurant, located at 1565 Marion-Waldo Rd, Marion, OH 43302, presents a unique investment opportunity. The 3,840 square foot building sits on a one-acre lot with ample parking (50 spaces). Built in 1973 and extensively renovated in 2016 (approximately $100,000 in interior improvements), the property boasts a spacious layout including seating for approximately 180 guests across two main dining areas, a banquet area, and bar seating. A walk-up basement provides convenient storage and delivery access. A rear drive-through window adds operational flexibility. The property's zoning allows for diverse uses beyond a restaurant, potentially including offices, a church, medical facility, bank, car lot, or fast food establishment. The net rentable square footage is 3,484 square feet, with an asking price of $524,900 ($157.84 per square foot). This well-maintained property has been owned and operated by the same family for two decades, situated on a busy road near numerous businesses, shopping centers, and industrial areas. The property is vacant and ready for immediate occupancy. The property's APN is 18-0100011.600.

    Property Features for 1565 Marion-Waldo Rd

    General Information

    Property type
    Restaurants
    Square Feet
    3,840 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built/Renovated
    1973/2016
    Stories
    1

    HighLights

    • $524,900 asking price for this 3,840 square foot retail property.
    • Vacant, 3,484 square feet of net rentable space, priced at $157.84 per square foot.
    • Located on a high‑traffic road in Marion, OH, with 50 parking spaces on a 1‑acre lot.
    • Turnkey restaurant with a drive‑through window, impeccably maintained, and renovated in 2016.
    • Flexible zoning allows for various uses, including office, medical, or retail.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Marion
    County
    Marion
    State
    Ohio
    Longitude
    -83.1188647
    Latitude
    40.5595443

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, High Traffic Location
    Where is this restaurant located?
    The property is located at 1565 Marion-Waldo Rd Marion, OH.
    What is the asking price?
    The asking price for this property is $524,900.
    What are key features of this property?
    This property features: $524,900 asking price for this 3,840 square foot retail property.; Vacant, 3,484 square feet of net rentable space, priced at $157.84 per square foot.; Located on a high-traffic road in Marion, OH, with 50 parking spaces on a 1-acre lot.
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    Marion, OH 43302
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1565 Marion-Waldo Rd Marion, OH 43302
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