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Property profile & analytics
FOR SALE
Turn key restaurants

606 W Church St Newark Newark, OH 43055

3,102 SF 0.51 ac lot Built 1968
Individually Owned 21-yr Hold Free & Clear
Property ID
US66-6261706
Property summary
AI-generated overview

This exceptional mixed-use property, located at 606 W Church Street in Newark, Ohio, presents a unique investment opportunity. The 3,102 square foot building sits on a 0.51-acre lot and boasts a rich history as a well-established local pub. With the recent reopening of the Church Street bridge, traffic flow in this desirable area has significantly increased, creating a prime location for a variety of commercial ventures. The building's versatile layout offers considerable potential for redevelopment, making it suitable for a range of uses beyond its previous function as a bar and restaurant. Imagine transforming this established space into a thriving restaurant, a trendy bar, or even exploring other creative commercial concepts. The property's prominent location and high visibility ensure excellent exposure to a large customer base. The substantial square footage provides ample room for customization and expansion, allowing for the creation of a truly unique and successful business. This is a rare chance to acquire a well-positioned property in a revitalizing area of Newark, offering significant upside potential for the right investor or entrepreneur. The asking price is $275,000. Don't miss this chance to own a piece of Newark's history and shape its future. Serious inquiries only.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1968
Total area 3,102 SF
Lot 0.51 ac (22,172 SF)
APN 054-233538-00.000
UPID US66-6261706
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Vele Lozanovski · 21 yrs held
Vele Lozanovski
since 2005
1 recorded transaction
2005
$130,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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