536 Wilson AvePiqua, OH 45356

  • Turn key restaurants
  • 3,448 SF
For Sale
$139,900 View listing

Property Details for 536 Wilson Ave

Year built
1967
Lot size
0.20 AC
Property size (Sq ft)
3,448 SF
Property type
Turn key restaurants
APN
N44-033440
APU
N44033440

Description

This 3,500 square foot restaurant located at 536 Wilson Ave, Piqua, OH 45356, is available for $139,900. Formerly Faith's Pizza, this established eatery boasts a rich 25-year history serving the Piqua community. The property includes an active liquor license, a significant advantage for prospective owners. A new roof was installed in 2020, ensuring long-term structural soundness. The ample space offers flexibility for various culinary concepts and dining experiences, allowing for customization and expansion. This prime location in a bustling area provides an established customer base and infrastructure, creating an ideal opportunity for restaurateurs seeking to revitalize an existing business or launch a new venture. The property presents a unique chance to own a piece of Piqua's culinary scene, benefiting from both the existing loyal clientele and the potential to introduce innovative ideas. This turnkey operation offers immediate potential for success.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $972,579
    6.5%
    $897,766
    7%
    $833,639
  • Comparable approach

    Method
    Valuation
    Relative Method
    $171,086
    Geo Method
    $171,086
  • Alternative Use

    Use
    Valuation
    Residential
    $757,299
    Hospitality
    $693,682
    Educational
    $577,135
    Medical
    $596,984
    Retail
    $897,766

Location Insight

City
Piqua
County
Miami
State
Ohio
Latitude
40.1379
Longitude
-84.2586
CBSA code
19430
CBSA name
DAYTON-KETTERING, 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
$1,443
$6,930
$17,640
$24,570
-
$19,800
$50,400
$70,200

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