For Sale
$580,000

0 Columbus StCanal Winchester, OH 43136

Profitable Pizzeria, 6.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity: a thriving 1,508 sq ft restaurant building in Lithopolis, Ohio, currently leased to The Pump House Bar and Pizzeria. This single-tenant property boasts a strong 6.5% cap rate, generating $40,800 in annual net operating income. The lease, initiated in September 2023, extends to September 2028, with a five-year renewal option at an increased monthly rent of $3,740. The property sits on a 0.11-acre lot and is zoned C (Commercial). Annual real estate taxes, paid by the owner, amount to $1,454. The building, constructed in 2023, offers a secure and profitable investment in a growing area. The property's APN is 01-00216-300. This turnkey operation presents a compelling opportunity for passive income generation with a well-established tenant and a favorable lease agreement. The property is located at 17-21 E Columbus St, Lithopolis, OH 43136. This is a NNN lease.

Highlights

  • 6.5% Cap Rate.
  • $40,800 Annual Net Operating Income (NOI) from The Pump House Bar and Pizzeria.
  • $1,454 Annual Real Estate Taxes (Owner Paid).
  • Parcel #: 01-00216-300.
  • 0.11-Acre Lot.
  • 1,508 Square Foot Building.

Property Details for 0 Columbus St

Property type
Retail properties, Restaurants
Square Feet
1,508 SF
Year Built
2023
Lot Size (sq. ft)
4,792 SF

Location Insight

City
Canal Winchester
County
Fairfield
State
Ohio
Latitude
39.8023084
Longitude
-82.8063866
Columbus St, Canal Winchester, Ohio

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0 Columbus St
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