33 London St Mount Sterling, OH 43143
This exceptional 10,342 square foot special purpose property located at 33 S London Street, Mount Sterling, Ohio 43143, presents a unique investment opportunity. Built in 1920, this established restaurant, known as Ben and Joys, boasts a rich history and strong community ties. The sale includes all existing restaurant equipment, kitchen appliances, a fully equipped meat market, and current inventory, ensuring a smooth transition for the new owner. The property sits on a 4,791.6 square foot lot and features four units. Beyond the main restaurant space, the property offers significant upside potential with two expansive upper levels, ideal for conversion into residential apartments or additional commercial space. The asking price is $180,000, translating to $17.40 per square foot. This is a rare chance to acquire a well-established business with substantial room for expansion and growth in a desirable Ohio location. The property's net rentable square footage is 10,342 square feet. This turnkey operation is ready for a new chapter.
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.