3452 Newark RdZanesville, OH 43701

Property Details for 3452 Newark Rd

Year built

1965

Lot size

13.62 AC

Property size (Sq ft)

2,632 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

17-33-04-03-000

APU

17330403000

Description

Prime opportunity to acquire the Olde Falls Inn, a well-established restaurant and bar located at 3452 Newark Rd, Zanesville, Ohio 43701. This 2,867 square foot, single-story building (APN: 17-33-04-03-000), built in 1965, boasts a rich history of over 20 years under the same ownership. The sale includes the business name, real estate, all existing equipment and furnishings. Currently seating 130 patrons indoors and an additional 50 on a newly finished outdoor patio, the property offers significant potential for growth. A valuable D-5 liquor license is included in the sale. The asking price is $599,000 ($208.93/sq ft). Further enhancing the investment potential is a 1992 mobile home on the property, generating a monthly rental income of $550. Additional land is available for expansion. This turnkey operation presents a unique opportunity for an owner/user to step into a profitable, established business with a strong local presence just outside Zanesville city limits. The property's long-standing history and loyal customer base provide a solid foundation for continued success.

• CAP approach

  CAP return

  Valuation

  6%

  $735,803

  6.5%

  $679,203

  7%

  $630,688

• Comparable approach

  Method

  Valuation

  Relative Method

  $620,417

  Geo Method

  $620,417

• Alternative Use

  Use

  Valuation

  Residential

  $572,933

  Hospitality

  $524,803

  Educational

  $436,630

  Medical

  $451,647

  Retail

  $679,203

Location Insight

City

Zanesville

County

Muskingum

State

Ohio

Latitude

39.9823

Longitude

-82.0548

CBSA code

49780

CBSA name

ZANESVILLE, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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