14675 Zion RdThornville, OH 43076

  • Turn key restaurants
  • 0.29 AC
For Sale
$2,200,000 View listing

Property Details for 14675 Zion Rd

Construction
FRAME
Lot size
0.29 AC
Property type
Turn key restaurants
APN
37-002111.0000
APU
370021110000

Description

This exceptional restaurant opportunity in Thornville, Ohio, presents a rare chance to acquire a thriving business in a highly desirable location. The property, located at 14675 Zion Road, boasts 5,784 square feet of net rentable space on a 12,632.4 square foot lot. Built in 2020, the building features a sophisticated interior with a custom live-edge bar, handcrafted wine shelves, and unique dining tables. High-end design elements include stone and tongue-and-groove walls, solid mahogany doors, large ornate chandeliers, and custom railings. The restaurant offers breathtaking views of the canal and unforgettable sunsets thanks to a bronze-tinted back window. A cozy wood-burning fireplace adds to the warm and inviting ambiance. Outdoor amenities include an expansive second-story deck, a custom patio, an outdoor bar, and a live music stage. The asking price is $2,200,000, translating to $380.36 per square foot. This turnkey operation is ready for a new owner to continue its legacy of success. The property is zoned for retail use and is situated in Perry County, Ohio, zip code 43076. This is a unique opportunity to own a well-established restaurant with significant potential for continued growth and profitability.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,531,407
    6.5%
    $3,259,760
    7%
    $3,026,920
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,977,625
    Geo Method
    $2,977,625
  • Alternative Use

    Use
    Valuation
    Residential
    $2,749,730
    Hospitality
    $2,518,738
    Educational
    $2,095,560
    Medical
    $2,167,630
    Retail
    $3,259,760

Location Insight

City
Thornville
County
Perry
State
Ohio
Latitude
39.9131
Longitude
-82.4124
CBSA code
18140
CBSA name
COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,471
$20,300
$80,990
$101,290
-
$58,000
$231,400
$289,400

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