3452 Newark Rd Zanesville, OH 43701-9659
- Turn key restaurants
- 2,632 SF
- 13.62 lot acres
Current Use by Public Records
- Olde Falls Inn / Restaurant
Property Details for 3452 Newark Rd
- Year built
- 1965
- Lot size
- 13.62 lot acres
- Property size
- 2,632 SF
- Property type
- Turn key restaurants
- APN
- 17-33-04-03-000
- APU
- 17330403000
Description
Prime opportunity to acquire the Olde Falls Inn, a well-established restaurant and bar located at 3452 Newark Rd, Zanesville, Ohio 43701. This 2,867 square foot, single-story building (APN: 17-33-04-03-000), built in 1965, boasts a rich history of over 20 years under the same ownership. The sale includes the business name, real estate, all existing equipment and furnishings. Currently seating 130 patrons indoors and an additional 50 on a newly finished outdoor patio, the property offers significant potential for growth. A valuable D-5 liquor license is included in the sale. The asking price is $599,000 ($208.93/sq ft). Further enhancing the investment potential is a 1992 mobile home on the property, generating a monthly rental income of $550. Additional land is available for expansion. This turnkey operation presents a unique opportunity for an owner/user to step into a profitable, established business with a strong local presence just outside Zanesville city limits. The property's long-standing history and loyal customer base provide a solid foundation for continued success.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Zanesville
- County
- Muskingum
- State
- Ohio
- Longitude
- -82.0548
- Latitude
- 39.9823
- CBSA code
- 49780
- CBSA name
- ZANESVILLE, OH MICROPOLITAN STATISTICAL AREA
