For Sale
$524,900

1565 Marion-Waldo RdMarion, OH 43302

Established Restaurant, High Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
115
This turnkey restaurant, located at 1565 Marion-Waldo Rd, Marion, OH 43302, presents a unique investment opportunity. The 3,840 square foot building sits on a one-acre lot with ample parking (50 spaces). Built in 1973 and extensively renovated in 2016 (approximately $100,000 in interior improvements), the property boasts a spacious layout including seating for approximately 180 guests across two main dining areas, a banquet area, and bar seating. A walk-up basement provides convenient storage and delivery access. A rear drive-through window adds operational flexibility. The property's zoning allows for diverse uses beyond a restaurant, potentially including offices, a church, medical facility, bank, car lot, or fast food establishment. The net rentable square footage is 3,484 square feet, with an asking price of $524,900 ($157.84 per square foot). This well-maintained property has been owned and operated by the same family for two decades, situated on a busy road near numerous businesses, shopping centers, and industrial areas. The property is vacant and ready for immediate occupancy. The property's APN is 18-0100011.600.

Highlights

  • $524,900 asking price for this 3,840 square foot retail property.
  • Vacant, 3,484 square feet of net rentable space, priced at $157.84 per square foot.
  • Located on a high-traffic road in Marion, OH, with 50 parking spaces on a 1-acre lot.
  • Turnkey restaurant with a drive-through window, impeccably maintained, and renovated in 2016.
  • Flexible zoning allows for various uses, including office, medical, or retail.

Property Details for 1565 Marion-Waldo Rd

Property type
Retail properties, Restaurants
Square Feet
3,840 SF
Year Built/Renovated
1973/2016
Stories
1
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Marion
County
Marion
State
Ohio
Latitude
40.5595443
Longitude
-83.1188647
1565 Marion-Waldo Rd, Marion, Ohio

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1565 Marion-Waldo Rd
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