Operating Restaurant on 1.45
For Sale
Contact for pricing
5945 Frazeysburg Road, Nashport, OH 43830
Profitable restaurant with expansion potential on a 1.45-acre lot.
Property Size1,926 SF
Lot Size1.45 Acres
Price / SF$222.74
Days on Market792
Property Features for 5945 Frazeysburg Road
General Information
Standard status
Active
Size
1,926 SF
Lot size
1.45 Acres
Property subtype
Retail
Building Details
Year Built
1990
Listing Agency:
Olde Town Realty
Listed By:
Alan Wilson · License #2003017451
(740) 607-4750
Source:
Crexi
Added: Aug 7, 2024
Changed: Oct 1
Last Checked: Oct 7 at 12:55PM
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 Olde Town Realty
Investment Insights
Based on property information with market context.
This is a fully operating, family-owned restaurant that has been in business for 27 years. The sale includes all equipment. The building contains 1926 square feet and has a capacity for 64 diners inside, with additional outside seating for 20 more. The property includes a parking area with a capacity of 32+ vehicles. Situated on 1.45 acres, the property offers room to expand. It features 275 feet of road frontage. The owners are open to selling the business as an operating concern, or with an acceptable offer, selling the real estate, building, and equipment, or the land and the building.
Key Highlights
- Successful, fully operating restaurant business ('Bills BBQ' for 27 years) included.
- All restaurant equipment included in the sale.
- 1.45 acre lot with room to expand.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,309
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,180
$306.2K
Cap Rate 7%
$218,700
$218.7K
Cap Rate 9%
$170,100
$170.1K
Market Conditions
NOI Build-Up for 1,926 SF
Gross rent
$21.3K $11.04/SF
− Vacancy
−$851 −$0.44/SF
EGI
$20.4K $10.60/SF
− OpEx
−$5.1K −$2.65/SF
NOI
$15.3K $7.95/SF
Area
Muskingum County, OH
Vacancy
4.00%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,180
Cap Rate 7%
$218,700
Cap Rate 9%
$170,100
Alternative Uses
Best Use
Specialty Retail
$218.7K
$191.4K – $255.2K
NOI $15,309 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$418.0K
$365.8K – $487.7K
NOI $29,262 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
6k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
5,948 visits/mo
0.3 miles
Demographics for 43830, OH
6,593
Population
2,201
Households
3
Avg Household Size
40
Median Age
40%
College-Educated
93%
High-School Grad
50.0 sq mi
ZIP Area
132
Density / Sq Mi
$112,684
Median Household Income
$49,672
Median Earnings
$925
Median Rent
$222,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Conventional restaurant - Profitable restaurant with expansion potential on a 1.45-acre lot.
Where is this conventional restaurant located?
The property is located at 5945 Frazeysburg Road Nashport, OH.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Successful, fully operating restaurant business ('Bills BBQ' for 27 years) included.; All restaurant equipment included in the sale.; 1.45 acre lot with room to expand.
