2975 Canfield-Niles RdYoungstown, OH 44515

Property Details for 2975 Canfield-Niles Rd

Year built

1940

Lot size

0.97 AC

Property size (Sq ft)

5,852 SF

Property type

Retail properties

Description

This exceptional opportunity presents the acquisition of Lou's Beer and Wine Cellar, a well-established Mahoning County business located at 2975 S Canfield-Niles Rd, Youngstown, OH 44515. This profitable business, operating for over 50 years under the same family ownership, offers a turnkey solution for a savvy investor. The sale includes the real estate, all business assets, and the valuable liquor license. The property itself boasts 5,852 square feet situated on a 0.97-acre lot. Built in 1940 and renovated in 1978, the Class B building provides ample space for retail operations. The asking price is $4,250,000, translating to $726.25 per square foot. Detailed financial information is available upon execution of a non-disclosure agreement. Note that inventory is not included in the sale price. This is a rare chance to own a thriving, long-standing business with significant growth potential in a desirable location. The property is a single-unit building, offering a streamlined ownership experience. Don't miss this chance to acquire a piece of Youngstown's history and secure a strong return on your investment.

Location Insight

City

Youngstown

County

Mahoning

State

Ohio

Latitude

41.0701

Longitude

-80.7617

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