369 Main St Newark, OH 43055-6581
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.
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Chances 'r' Gambling House
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
Similar Nearby for Lease
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.