391 Main StNewark, OH 43055

Property Details for 391 Main St

Year built

2002

Lot size

0.17 AC

Property type

Specialty properties

Property subtype

Other specialty properties

APN

054-201924-00.000

APU

5420192400000

Description

This turnkey restaurant located at 391 W Main Street, Newark, Ohio, presents a compelling investment opportunity. The 1,984-square-foot building, constructed in 1983, sits on a 7,405.2-square-foot lot and is priced at $299,900 ($151.16 per square foot). Currently operating as a pizza and sub shop, the property includes all equipment: three pizza ovens, a walk-in cooler, mixer, slicer, prep tables, point-of-sale equipment, and a rear storage container (as shown in photos). The all-brick/concrete block construction ensures durability. The property boasts ample parking, high visibility, and significant car traffic. Its adaptable layout allows for potential subdivision into three separate tenant spaces, offering diverse leasing options. Expansion possibilities include increased retail space or a larger dine-in area. Note: two safes are excluded from the sale. This property offers significant potential for a new owner in a prime Newark location. The zip code is 43055.

• Alternative Use

  Use

  Valuation

  Residential

  $1,611,918

  Hospitality

  $1,476,508

  Educational

  $1,228,438

  Medical

  $1,270,685

  Retail

  $1,910,903

Location Insight

City

Newark

County

Licking

State

Ohio

Latitude

40.0591

Longitude

-82.3854

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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