Plum Tree Realty
Listed by Plum Tree Realty
$499,000
10971 S State Route 550
Details
APN G01-00100057-00
Property Type Retail
Sub Type Restaurant
Square Footage 1,100
Net Rentable (SqFt) 1,100
NOI $91,000
Price per SqFt $454
Year Built 1974
Acreage 0.740
Retail | 1,100 SqFt
Marketing description
Well-known and established bar and restaurant available for purchase in Athens, Ohio. Mel's Roadhouse is a turnkey operation with a loyal customer base and a history of successful operation located on the route of the Windy 9 Pioneer Pass route. The property offers a classic roadhouse-style atmosphere with a functional layout designed for efficient food and beverage service. The space is well-suited for dining, nightlife, and special events. There is a fenced in outdoor area that meets outdoor alcohol consumption regulations and has a stage for live music. Pool tournaments, karaoke and corn hole tournaments have been a hit in the past. A D5/D6 liquor license is available for qualified buyers. Sale includes furniture, fixtures, equipment, and business assets necessary to continue operations without interruption, including the like-new food trailer with full kitchen. Located in a high-traffic area with excellent visibility and accessibility, this opportunity benefits from steady local patronage and repeat business. Ideal for an owner-operator or investor seeking an established business with name recognition and growth potential.
Listing Contacts
Plum Tree Realty
Listed by Plum Tree Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$91,000.00
$7,583.33/mo
Valuation Metrics
0
DSCR
18.24%
Cap Rate
18.24%
ROI
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