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    606 Church St Newark, OH 43055

    Sponsored
    For Sale
    $309,000

    Restaurant/Bar Opportunity, High Traffic

    Property size:
    3,102 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 3,102 square foot commercial property, located at 606 W Church Street in Newark, Ohio, is offered at $309,000. The building sits on a substantial 22,215.6 square foot lot and boasts a desirable location with increased traffic flow due to the recent reopening of the Church Street bridge. Previously operating as a well-established local pub, this versatile space presents a unique opportunity for a variety of commercial ventures. The property's spacious interior offers ample room for customization and adaptation to suit a new owner's vision. Whether envisioning a revitalized restaurant or bar, or exploring alternative commercial uses, this property provides a solid foundation for success. The asking price of $99.61 per square foot reflects the property's prime location and significant potential. The entire 3,102 square feet is net rentable, maximizing the return on investment. This is a rare chance to acquire a well-situated commercial building in a thriving Ohio community. The property's history as a successful establishment speaks to its inherent appeal and potential for continued success under new ownership. Serious inquiries are encouraged to explore this exciting opportunity.

    Property Features for 606 Church St

    General Information

    Property type
    Specialty properties
    Square Feet
    3,102 SF

    HighLights

    • 3,102 SF commercial building at 606 W Church St, Newark, OH, listed at $309,000.
    • Situated on a 22,215.6 SF lot with high traffic due to the recently reopened Church Street bridge.
    • Previously a successful pub, offering versatile space for various commercial uses.
    • $99.61/SF asking price; 3,102 SF net rentable.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.4252021
    Latitude
    40.0578986

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    FAQs

    What type of property is this?
    Specialty property - Restaurant/Bar Opportunity, High Traffic
    Where is this specialty property located?
    The property is located at 606 Church St Newark, OH.
    What is the asking price?
    The asking price for this property is $309,000.
    What are key features of this property?
    This property features: 3,102 SF commercial building at 606 W Church St, Newark, OH, listed at $309,000.; Situated on a 22,215.6 SF lot with high traffic due to the recently reopened Church Street bridge.; Previously a successful pub, offering versatile space for various commercial uses.
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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
    606 Church St Newark, OH 43055
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