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    943 River Rd Granville, OH 43023

    For Sale
    $140,000

    Established Pizzeria; Equipment & Furnishings Included

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This thriving New York-style pizzeria, located at 943 River Road in Granville, Ohio, presents a unique investment opportunity. The sale includes all equipment and furnishings, allowing for a seamless transition. The business currently operates on a limited schedule, Thursday through Sunday from 4:00 PM to 8:00 PM, within a 600-700 square foot space. Monthly rent is $1,300, and the existing lease will require renegotiation with the landlord; the seller is willing to assist in this process. Detailed financial information will be provided to qualified buyers upon execution of a Non-Disclosure Agreement and submission of an acceptable offer. This well-regarded establishment offers a strong foundation for growth, with the potential to expand operating hours and increase revenue. The sale does not include the real estate. Located in the charming Village of Granville (zip code 43023), this pizzeria benefits from a strong local customer base and presents a compelling opportunity for an experienced restaurateur or a new business owner seeking an established operation. Serious inquiries only.

    Property Features for 943 River Rd

    General Information

    Property type
    Specialty properties

    HighLights

    • Established New York‑style pizzeria in Granville, OH.
    • Includes all equipment and furnishings; real estate is not included in sale.
    • Existing lease requires renegotiation; seller will assist buyer.
    • Financial details available with NDA and accepted offer.
    • Currently operates limited hours (Thurs‑Sun, 4pm‑8pm); $1,300/month rent; approx. 600‑700 sq ft.
    Property Profile Location Intelligence

    Current Use by Public Records

    Joe and Mimi's Pizzeria Pizza Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Granville
    County
    Licking
    State
    Ohio
    Longitude
    -82.51871
    Latitude
    40.05908

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    FAQs

    What type of property is this?
    Specialty property - Established Pizzeria; Equipment & Furnishings Included
    Where is this specialty property located?
    The property is located at 943 River Rd Granville, OH.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: Established New York-style pizzeria in Granville, OH.; Includes all equipment and furnishings; real estate is not included in sale.; Existing lease requires renegotiation; seller will assist buyer.
    Request Owner's contact information
    943 River Rd Granville, OH 43023
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    Granville, OH 43023
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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
    943 River Rd Granville, OH 43023
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