241 Main StCoshocton, OH 43812

Property Details for 241 Main St

Year built

1900

Construction

WOOD

Lot size

0.05 AC

Property size (Sq ft)

3,190 SF

Property type

Turn key restaurants

APN

430000217300

APU

430000217300

Description

This exceptional mixed-use property at 241 Main Street, Coshocton, OH, presents a lucrative investment opportunity. The 2,374 square foot building sits on a 0.05-acre lot and houses a well-established and profitable bar known as Pod & Goggles. The sale includes the business, its licenses (including a full-service carry-out DORA license), all equipment and fixtures, and existing inventory. The business operates under a Restaurant, cafeteria, and/or Bar license. The bar boasts a wide selection of high-quality liquors, a fully equipped kitchen, a spacious guest area, and two bathrooms. A significant advantage is the second-floor space with its own separate exit, offering potential for expansion or additional rental income. A full basement provides ample storage. Recent upgrades significantly enhance the property's value and efficiency. These include a new air conditioning system, a newer water tank, and energy-efficient LED lighting throughout. The plumbing has been completely replaced with new copper, insulated wrapped lines. The electrical system has been upgraded with all new armored cabled 220-volt wiring and service lines, featuring two 200-amp service panels for a total of 400 amps. Finally, all gas lines and fittings are new and meet industrial standards. The building also benefits from a new tempering make. Priced at $900,000, this turnkey operation offers immediate income potential and significant long-term growth prospects.

• CAP approach

  CAP return

  Valuation

  6%

  $891,798

  6.5%

  $823,198

  7%

  $764,398

• Comparable approach

  Method

  Valuation

  Relative Method

  $751,949

  Geo Method

  $751,949

• Alternative Use

  Use

  Valuation

  Residential

  $694,398

  Hospitality

  $636,065

  Educational

  $529,199

  Medical

  $547,399

  Retail

  $823,198

Location Insight

City

Coshocton

County

Coshocton

State

Ohio

Latitude

40.2734

Longitude

-81.8675

CBSA code

18740

CBSA name

COSHOCTON, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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