PARTY HOUSE CARRYOUT presents a unique opportunity to acquire commercial real estate, an established operating business, tenant income, Ohio Lottery revenue, inventory, equipment, and C1/C2 beer and wine permits in the heart of Newark, Ohio.
This is a true retirement-transition sale. The current owner has successfully operated the business for many years and is preparing for retirement, creating an opportunity for the next owner to acquire an established operation with existing customers, multiple revenue streams, and future upside potential.
The sale includes:
• Commercial real estate
• Operating carryout business
• C1/C2 beer and wine permits
• Ohio Lottery retailer operation
• Existing equipment and fixtures
• Current inventory
• Attached tenant income
• Goodwill and established customer base
The property is zoned LC (Limited Commercial), providing flexibility for a variety of commercial uses beyond the current operation. The site is located within Newark's CRA #1 Community Reinvestment Area and Commercial TIF District 7-2.
An additional income stream is generated by the attached Alley Cat Pizza & Subs tenant, currently paying $1,000 per month. Tenant operates under a month-to-month arrangement and may be willing to execute a longer-term lease.
Business benefits from multiple revenue sources including:
• Retail carryout sales
• Beer and wine sales
• Ohio Lottery commissions
• Rental income
• Future real estate appreciation potential
Current ownership has operated the business conservatively, creating opportunities for future growth through expanded product offerings, enhanced merchandising, increased beer and wine selections, improved marketing, and optimization of existing retail space.
Strategically positioned less than three minutes from Downtown Newark, the property benefits from convenient access to State Route 16, major transportation corridors, and the broader Columbus metropolitan area.
Licking County continues to experience substantial economic growth driven by Intel's multi-billion-dollar semiconductor investment, major data center expansion, advanced manufacturing growth, housing development, infrastructure improvements, and continued commercial investment throughout the Silicon Heartland Corridor.
Buyer profile may include:
• Owner-operators
• Convenience store operators
• Beer and wine retailers
• Entrepreneurs
• Commercial real estate investors
• 1031 exchange buyers
• Family business operators
• Redevelopment-minded investors
Seller financing may be considered for qualified buyers with a minimum 50% down payment and acceptable written payoff strategy.
Financial information is confidential and available to qualified buyers only.
Please do not disturb ownership, employees, or tenants. All showings are strictly by appointment through the listing agent.
Rudy Stefanitsis
Red 1 Realty
614-679-0397
Itsoldquick@gmail.com
MLS #226020023