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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1565 Marion-Waldo Rd Marion, OH 43302

3,840 SF 1 ac lot Built 1973
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1973
Total area 3,840 SF
Lot 1 ac (43,560 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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