Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    306 Marion St Waldo, OH 43356

    For Sale
    $225,000

    Established Restaurant, High-Income Potential

    Property size:
    3,248 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional turnkey restaurant opportunity in Waldo, Ohio, presents a unique chance to own a thriving business. The 3,248-square-foot property, built in 1920 and extensively renovated in 2017, sits on a spacious 10,890-square-foot lot. The asking price is $225,000, translating to $69.27 per square foot. The property includes a fully equipped commercial kitchen, a bar with ample seating, and a large game room adaptable for various uses, such as pool tables, darts, or live entertainment. All existing equipment is included in the sale. Adding to the investment potential are two additional rental properties: a currently rented one-bedroom apartment above the bar and a separate freestanding house requiring some renovation. Liquor licenses (D1-D3A) are transferable. Strategically located in southern Marion County, just 10 miles north of Delaware and easily accessible from Route 23, this property offers endless possibilities. The seller has made significant investments, and the property is being sold "as is." This is a rare chance to acquire an established business with significant upside potential in a desirable location. The property's prime location and existing infrastructure make it an ideal investment for a savvy entrepreneur seeking a ready-to-operate restaurant with additional income streams.

    Property Features for 306 Marion St

    General Information

    Property type
    Restaurants
    Square Feet
    3,248 SF

    Building Details

    Year Built/Renovated
    1920/2017

    HighLights

    • $225,000 asking price for this 3,248 SF retail restaurant.
    • Turnkey restaurant with all equipment included.
    • Features a bar, full commercial kitchen, and large game room.
    • Liquor licenses (D1‑D3A) transferable.
    • Includes a 1‑bedroom apartment (currently rented) and a separate freestanding house with rental potential.
    • Located in Waldo, OH, 10 miles north of Delaware, easily accessible from Route 23.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fort Morrow Cons ... Fire Station Oscar's Bar

    Suggested Use

    Restaurant Building Supply Dental Office Auto Repair Shop Hotel & Motel Department Store Storage Facility Grocery Store Bar & Pub Furniture Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waldo
    County
    Marion
    State
    Ohio
    Longitude
    -83.0754596
    Latitude
    40.4555254

    Nearby Comparable

    • Contact for pricing

      Land Available on US-23

      Land with frontage on US-23 in growing corridor.
      7313 Waldo-Delaware Rd, Waldo, OH
      View Details
    • $270,000

      Prime Marion Commercial Land

      4.5 Acres, $270,000 - Ohio
      0 4.5 Acres Marion Waldo Rd, Marion, OH 43302
      View Details
    • $61,900

      Marion, OH Residential Land Parcel

      Build Your Dream Home in Quarry Estates
      3226 Cobblestone Creek Rd, Marion, OH 43302
      View Details
    • Contact for pricing
      Pending

      Marion, OH Land For Sale

      38 acres of tillable and wooded land in Marion.
      Marion Cardington Rd E, Marion, OH 43302
      View Details

    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, High-Income Potential
    Where is this restaurant located?
    The property is located at 306 Marion St Waldo, OH.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: $225,000 asking price for this 3,248 SF retail restaurant.; Turnkey restaurant with all equipment included.; Features a bar, full commercial kitchen, and large game room.
    Request Owner's contact information
    306 Marion St Waldo, OH 43356
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    306 Marion St
    Waldo, OH 43356
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    306 Marion St Waldo, OH 43356
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.