1066 E State St - Storefront FOR SALE


Newcomerstown, OH 43832
$595,000 USD
614-357-4320
1066 E State St, Newcomerstown, OH for Sale
$595,000 USD
Storefront - FOR SALE
1/9
null | Request Cap Rate

NEW


1066 E State St
Newcomerstown, OH 43832


HIGHLIGHTS

  • Plentiful Parking
  • Liquor License Included
  • Seller Financing Available

OVERVIEW

Bingo Operation | Liquor & Health License | Mixed Use | Seller Financing Marketing description 1066 E. State Street in Newcomerstown presents a unique investment and redevelopment opportunity centered around an approximately 8,000 SF mixed-use building currently operating as a bingo hall and event venue. The property features a furnished commercial kitchen, liquor permit, and existing bingo operations held twice weekly that bring in approximately $4,160 per month, with additional upside through expanded programming, events, marketing, and potentially taking over the bingo operation. This property is located within an Opportunity Zone and Qualified Census Tract. The building also offers basement space that could potentially be built out for long-term tenants or additional income-producing uses. Additional adjacent parcels may also have the potential to be included in a sale, creating further flexibility for a buyer seeking additional land or future development opportunities. Permitted uses include accessory use, assembly hall, church or place of worship, clinic, cultural facility, essential service, park, personal service, professional office, public and community office, restaurant, retail business, school, and seasonal sales. Ownership is open to creative deal structures, including potential seller financing or a trade for a stabilized NNN investment property. With existing income, multiple opportunities to increase revenue, flexible permitted uses, and the potential to add additional adjacent land, 1066 E. State Street offers a compelling opportunity for an investor, operator, or developer. Investment highlights Approximately 8,000 SF mixed-use building Existing bingo operations held twice weekly Bingo operations generate approximately $4,160 per month Potential opportunity for buyer to take over and expand bingo operations Furnished commercial kitchen in place Existing liquor permit Basement offers potential for additional long-term tenant or income-producing space Flexible permitted uses including restaurant, retail, office, clinic, assembly hall, school, and personal service Additional adjacent parcels may have the potential to be included in the sale Ownership open to seller financing Seller may consider a trade for a stabilized NNN investment property Multiple opportunities to increase revenue through additional events, programming, leasing, and expanded operations

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$76 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Bar, Restaurant, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,219 SF

ZONING

B-1

APN/PARCEL ID

4500131000

ASK ABOUT THIS PROPERTY

Steven OsbornParker Realty AssociatesMore Info
614-357-4320

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Steven OsbornParker Realty AssociatesMore Info
614-357-4320

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.