315 W Market St - Restaurant FOR SALE


Tiffin, OH 44883
$749,000 USD
775-348-5220
315 W Market St, Tiffin, OH for Sale
$749,000 USD
Restaurant - FOR SALE
1/6
null | Request Cap Rate

315 W Market St
Tiffin, OH 44883


HIGHLIGHTS

  • ALL INQUIRES MUST BE VIA EMAIL
  • 25,000+ Residents (5-Mile)
  • W. Market Street - 12,000+ Cars Per Day

OVERVIEW

ALL INQUIRES MUST COME VIA EMAIL The owner of this property was forced to evict the former Denny’s operator June 17, 2024 for the tenants failure to pay rent for over 8 months. The property is available immediately for an owner-user or developer to reposition the asset. The building is offered “As-Is” and showings can be arranged for qualified buyers demonstrating proof of funds to close. A non-binding Letter of Intent should be submitted for review and consideration. The seller will require a $25,000 initial deposit and provide a prospective buyer 21 days to complete due diligence, which is plenty of time to obtain a building inspection, Phase I and ALTA survey is desired. A prospective buyer will be required to increase the deposit to $50,000 total at the end of the Inspection Period at which time the deposit must be released to the Seller as non-refundable, however a buyer may have 30 days from the release of all contingencies to close escrow. This is adequate time for a qualified buyer to obtain financing if desired, but the Seller will not grant a financing contingency. The building is NOT offered for lease. There is no Seller financing available.information we will receive in the next 30 days.

FOR SALE DETAILS

PRICE

$749,000 USD

PRICE/SF

$196 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former Denny's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

-

APN/PARCEL ID

Q53031205200000,Q53031205280000

ASK ABOUT THIS PROPERTY

Todd BlonsleyMarcus & MillichapMore Info
775-348-5220

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Todd BlonsleyMarcus & MillichapMore Info
775-348-5220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.