1040 S Wayne St Saint Marys, OH 45885
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.