For Sale
$549,000

880 Youngstown-Poland RdStruthers, OH 44471

Established Restaurant, High ROI, Ohio

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Property Details for 880 Youngstown-Poland Rd

Property type
Retail properties, Restaurants
Square Feet
5,300 SF
Class
B
Year Built/Renovated
1951/2018
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF
Units
1

Location Insight

City
Struthers
County
Mahoning
State
Ohio
Latitude
41.047351
Longitude
-80.6153712
880 Youngstown-Poland Rd, Struthers, Ohio

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880 Youngstown-Poland Rd
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