1066 E State St 7,870 SF 100% Leased Retail Building Newcomerstown, OH 43832 $595,000 ($75.60/SF)

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