Former Denny's | 315 W Market St
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Former Denny's 315 W Market St
3,828 SF Retail Building Tiffin, OH 44883 $749,000 ($196/SF)
Investment Highlights
- ALL INQUIRES MUST BE VIA EMAIL
- W. Market Street - 12,000+ Cars Per Day
- 25,000+ Residents (5-Mile)
Executive Summary
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.
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.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,828 SF
Building Class
C
Year Built
1962
Price
$749,000
Price Per SF
$196
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.28 AC
Opportunity Zone
Yes
Parking
44 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
182 FT on Market St
Amenities
- Pylon Sign
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $458,210 | |
| Land Assessment | $116,730 | Total Assessment | $574,940 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$116,730
Improvements Assessment
$458,210
Total Assessment
$574,940
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Former Denny's | 315 W Market St
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