546 Main StMarion, OH 43302

Property Details for 546 Main St

Year built

1974

Construction

FRAME

Lot size

0.38 AC

Property type

Retail properties

Property subtype

Drive through restaurants

APN

12-104000.0400

APU

121040000400

Description

This exceptional restaurant property, located at 546 N Main Street, offers a unique blend of convenience and visibility. The 2,026 square foot building sits on a 0.38-acre lot and features a single tenant occupancy. Previously operating as a pizza restaurant, this established location benefits from high traffic counts and easy accessibility, making it an ideal investment opportunity for a variety of culinary concepts. The property includes a significant advantage with its existing drive-thru, streamlining service and increasing potential revenue streams. Further enhancing its appeal is a newly constructed private deck, perfect for outdoor dining and expanding seating capacity during peak hours. Ample parking is available for patrons, ensuring a comfortable and convenient dining experience. The property's APN is 12-1040000.400, and its cross street is Patten. This turnkey operation presents a rare chance to acquire a well-situated restaurant with established infrastructure and significant potential for growth. The property's prime location and attractive features make it an exceptional investment for discerning buyers seeking a profitable venture in a thriving commercial area. The building's single-suite configuration simplifies management and operation, minimizing overhead costs and maximizing efficiency. This is a truly remarkable opportunity to own a successful restaurant business in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,629,629

  6.5%

  $3,350,427

  7%

  $3,111,110

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,935,830

  Geo Method

  $3,935,830

• Alternative Use

  Use

  Valuation

  Residential

  $2,826,210

  Hospitality

  $2,588,794

  Educational

  $2,153,846

  Medical

  $2,227,920

  Retail

  $3,350,427

Location Insight

City

Marion

County

Marion

State

Ohio

Latitude

40.5978

Longitude

-83.129

CBSA code

32020

CBSA name

MARION, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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