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Property profile

55 St Newark, OH 43055

OFF-MARKET
Investment properties
0.23 ac lot
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Property summary

AI-generated overview

This exceptional business opportunity presents a chance to acquire a fully operational gym in Newark, Ohio. Priced at $210,000, this turnkey operation includes all necessary furniture, fixtures, and equipment (FF&E) for immediate operation. The sale encompasses the existing gym's established membership base, eliminating the need for extensive start-up marketing and client acquisition. A comprehensive inventory of the FF&E will be provided upon request, detailing all included assets. This allows for a seamless transition and immediate revenue generation. The sale includes all the necessary components to begin operating a successful fitness center without the lengthy and costly process of sourcing and setting up equipment. The property itself, situated on a 0.23-acre lot at 55 Street, Newark, OH, is also available for purchase separately. This presents a unique advantage, allowing for complete control and ownership of the business location. For those seeking flexible financing options, owner financing is available, making this an attractive proposition for entrepreneurs with varying financial backgrounds. This is a rare opportunity to acquire a profitable, established business with significant growth potential. Don't miss out on this chance to own and operate a thriving fitness center. Contact us today to schedule a viewing and receive the detailed FF&E list.

Property profile

Verified
Property type Investment properties
Lot 0.23 ac (10,019 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

55 St Newark, OH 43055
Newark metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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