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Property profile & analytics
FOR SALE
Retail space

1040 S Wayne St Saint Marys, OH 45885

2,558 SF 0.99 ac lot Built 1911
Entity Owned 4-yr Hold Free & Clear
Property ID
US66-2009183
Property summary
AI-generated overview

This exceptional opportunity presents the Wayne Street Bar and Grill, a well-established full-service restaurant and bar located at 1040 S Wayne St, Saint Marys, Ohio 45885. The property boasts a substantial 2,558 square feet of space, situated on a 1.05-acre lot. Built in 1911, the two-story building offers ample room for both customer seating and operational needs. The main floor currently houses a bar with seating for 14 patrons and a dining area accommodating 35 guests. All kitchen equipment and inventory are included in the sale price of $175,000 ($68.41 per square foot). The business holds valuable liquor licenses: D-1 Beer, D-2 Wine, and D-3 Liquor (1 AM). The first floor features newer heating and air conditioning units. A secondary, currently unused, upstairs space accessible via an external stairway presents significant potential for development, perhaps as an apartment or additional business space. This turnkey operation is ready for a new owner to step in and continue its success. The property's prime location in Saint Marys, Auglaize County, offers excellent visibility and accessibility. Don't miss this chance to own a thriving business with significant upside potential.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1911
Total area 2,558 SF
Lot 0.99 ac (42,994 SF)
APN K31-010-004-00
UPID US66-2009183
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
1040 S Wayne LLC · 4 yrs held
1040 S Wayne LLC
since 2022
Last sale
$333
5 recorded transactions
2022
$333
2020
$145,000
2020
Price N/A
2019
Price N/A
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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