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Morrie's Restaurant 11003 State Route 362 4,080 SF 100% Leased Retail Building Minster, OH 45865 $675,423 CAD ($165.54 CAD/SF)
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.
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
Building Size
4,080 SF
Building Class
C
Year Built
1958
Price
$675,423 CAD
Price Per SF
$165.54 CAD
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!!!!
Property Taxes
| Parcel Number | 30-07-11-200-004 | Improvements Assessment | $66,370 CAD |
| Land Assessment | $13,304 CAD | Total Assessment | $79,673 CAD |
Property Taxes
Parcel Number
30-07-11-200-004
Land Assessment
$13,304 CAD
Improvements Assessment
$66,370 CAD
Total Assessment
$79,673 CAD
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Morrie's Restaurant | 11003 State Route 362
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