This exceptional turnkey restaurant opportunity presents a rare chance to acquire the well-established Tangier Bar & Pizza in Struthers, Ohio. Located at 880 Youngstown-Poland Rd, this 5,300 square foot Class B property sits on a one-acre lot and boasts 75 parking spaces. Built in 1951 and extensively renovated in 2018, the property includes a main restaurant area, a separate pizza shop entrance for convenient carryout, and a recently renovated banquet center in the basement. The updated features include five new bathrooms, some new kitchen equipment, a 4x8 digital signage, and a freshly paved parking lot. The attractive space features a newly extended bar seating approximately 12, a three-bay sink, a separate hand-wash sink, multiple large TVs, five high-top tables, and two new bathrooms. A fully fenced and heated outdoor patio bar with a full-service 12-person bar, additional seating, TVs, and a jukebox adds to the property's appeal. All kitchen equipment, inventory, and recreational equipment are included in the sale. The asking price is $549,000, with a strong NOI of $100,000 and an attractive 18.21% cap rate. An additional property at 631 Geneva Ave, Struthers, OH 44471, currently rented for $550 per month, is also included in this sale. This property is zoned commercial and operates under an Absolute NNN lease. This is a single-unit, owner/user investment opportunity with significant potential for continued success.
Highlights
$549,000 asking price for this established Struthers, OH restaurant.
5,300 square foot, Class B retail property with an 18.21% cap rate and $100,000 NOI.
Absolute NNN lease, single-tenant occupancy in a 1-story, 1951-built building (renovated 2018).
Includes all kitchen equipment, inventory, and recreational equipment; separate pizza shop entrance.
Features a recently renovated banquet center, updated bar, outdoor patio bar, 5 updated bathrooms, and a freshly paved parking lot with 75 spaces.
Additional property at 631 Geneva Ave, Struthers, OH 44471 (currently rented for $550/month) included in sale.
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Jason Neapolitan
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880 Youngstown-Poland Rd, Struthers, Ohio, 44471
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880 Youngstown-Poland Rd
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