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Property profile & analytics
OFF-MARKET Estimated value $505,000
Turn key restaurants

300 Emmitt Ave Waverly, OH 45690-1006

1,820 SF 0.34 ac lot
Entity Owned ~ Est. High Equity
Property ID
US66-4920308
Property summary
AI-generated overview

This exceptional turnkey restaurant opportunity in Waverly, Ohio presents a unique chance to acquire a thriving business. Located at 300 W Emmitt Avenue, this 1,820-square-foot diner boasts a distinctive 1950s theme and decor, creating a nostalgic and inviting atmosphere for patrons. Established in 2000, the business enjoys a loyal customer base and benefits from its prime location on Emmitt Avenue/US 23, a high-traffic area with a daily count of 27,789 vehicles. The sale includes the building, land (14,810.4 square feet), equipment, inventory, and the established business name, "Diner 23." The restaurant operates seven days a week, opening daily at 7:00 am, except for Wednesdays. The asking price is $675,000, translating to $370.88 per square foot. Potential buyers should be aware that the property is situated within a flood zone. This is a rare chance to own a well-established, profitable restaurant with significant potential for continued growth in a bustling Ohio community. The sale includes all aspects of the business, making this a truly turnkey operation ready for immediate ownership.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Total area 1,820 SF
Lot 0.34 ac (14,963 SF)
APN 18-173600.0000
UPID US66-4920308
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
Current use
Occupant on record · Public records
  • Maddy's Diner 23 Restaurant
  • Remy's Used Cars Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
$315k
Blend (final) Blend
$505k
Owner & transaction history
Mccown Properties LLC
Mccown Properties LLC
since 2026
Last sale
$550,000
3 recorded transactions
2026
$390,000
2025
Price N/A
2022
$550,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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