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Morrie's Restaurant 11003 State Route 362 4,080 SF 100% Leased Retail Building Minster, OH 45865 $497,000 ($121.81/SF)

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Investment Highlights

Lake access and located directed across the street to 170 site state campground
Catering, small event space

Restaurant/Bar plus bait shop, ice cream and pizza stand, 2 separate vacation rentals

Executive Summary

Martha is ready to retire! After 13 years of building up and running Morrie's Landing, she is ready to turn it over to the next entrepreneur. This property contains 5 income streams, 1. The Restaurant/ bar 2. Small event venue/ Catering 3. 2 separate Air BNB rental units. 4. Seasonal Bait shop. 5. Seasonal Ice-cream / Pizza shop.
Financials will be made available to potential, qualified buyers with a signed NDA.

Property Facts

Sale Type

Investment or Owner User

Sale Condition

Business Value Included

Property Type

Retail

Property Subtype

Restaurant

Building Size

4,080 SF

Building Class

Year Built

1958

Price

$497,000

Price Per SF

$121.81

Percent Leased

100%

Building Height

2 Stories

Loading Docks

1 Exterior

Building FAR

0.07

Lot Size

1.27 AC

Zoning

Recreational

Parking

40 Spaces (9.8 Spaces per 1,000 SF Leased)

About 11003 STATE ROUTE 362 , MINSTER, OH 45865

This property sits on 1.27 acres that is located in a Recreational district which could offer more opportunities with zoning approval. The property sits directly west of the Lake Loramie Campgrounds, that boasts @ 170 campsites! The building underwent a major addition in 2005 with more renovations being done in 2013. The Restaurant/Bar, Ice Cream and Bait shop equipment to convey with the sale, with a detailed list to be provided prior to closing. Opportunity is knocking for the investor that is ready to take it to the next level!!!!

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