Technical
Financial
Distress signals
Property profile

369 Main St Newark, OH 43055

OFF-MARKET
Turn key restaurants
Property ID
US66-2401294
1,036 SF 0.1 ac lot Built 1969
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This mixed-use property, located at 369 E Main St, Newark, OH, presents a unique investment opportunity. Situated on a 0.08-acre lot, the building boasts a prime location just off State Route 16 at Cedar Street, ensuring high visibility and accessibility. Previously utilized as a restaurant and later a gaming room, this adaptable space offers immense potential for a variety of commercial ventures. The building's history suggests a flexible layout capable of accommodating diverse business needs. Its strategic location within Newark, OH, provides access to a substantial customer base and ample foot traffic. The property's size and configuration are ideal for entrepreneurs seeking a well-positioned establishment with significant redevelopment potential. The asking price of $199,900 makes this an attractive proposition for investors looking for a strong return on investment in a thriving Ohio market. The property's versatility, coupled with its excellent location, makes it an exceptional opportunity for those seeking a profitable commercial venture. Further investigation into zoning regulations and potential uses is encouraged. Serious inquiries are welcome.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1969
Total area 1,036 SF
Lot 0.1 ac (4,356 SF)
APN 054-201528-00.000
UPID US66-2401294

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gambling House

Location

369 Main St Newark, OH 43055-6581
Newark metro Census 752500 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

since 2023
2 recorded transactions
2024
Price N/A
2023
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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