369 Main StNewark, OH 43055

Property Details for 369 Main St

Year built

1969

Lot size

0.10 AC

Property size (Sq ft)

1,036 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

054-201528-00.000

APU

5420152800000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $289,625

  6.5%

  $267,346

  7%

  $248,250

• Comparable approach

  Method

  Valuation

  Relative Method

  $244,207

  Geo Method

  $244,207

• Alternative Use

  Use

  Valuation

  Residential

  $225,516

  Hospitality

  $206,572

  Educational

  $171,865

  Medical

  $177,776

  Retail

  $267,346

Location Insight

City

Newark

County

Licking

State

Ohio

Latitude

40.0591

Longitude

-82.3866

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].