1565 Marion-Waldo Rd Marion, OH 43302
- Retail properties
- 3,840 SF
- 1.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1565 Marion-Waldo Rd
- Year built
- 1973
- Lot size
- 1.00 lot acres
- Property size
- 3,840 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This turnkey restaurant, located at 1565 Marion-Waldo Rd, Marion, OH 43302, presents a unique investment opportunity. The 3,840 square foot building sits on a one-acre lot with ample parking (50 spaces). Built in 1973 and extensively renovated in 2016 (approximately $100,000 in interior improvements), the property boasts a spacious layout including seating for approximately 180 guests across two main dining areas, a banquet area, and bar seating. A walk-up basement provides convenient storage and delivery access. A rear drive-through window adds operational flexibility. The property's zoning allows for diverse uses beyond a restaurant, potentially including offices, a church, medical facility, bank, car lot, or fast food establishment. The net rentable square footage is 3,484 square feet, with an asking price of $524,900 ($157.84 per square foot). This well-maintained property has been owned and operated by the same family for two decades, situated on a busy road near numerous businesses, shopping centers, and industrial areas. The property is vacant and ready for immediate occupancy. The property's APN is 18-0100011.600.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Marion
- State
- Ohio
- Longitude
- -83.1189
- Latitude
- 40.5595
