880 Youngstown-Poland RdStruthers, OH 44471

Property Details for 880 Youngstown-Poland Rd

Year built

1951

Lot size

1.00 AC

Property size (Sq ft)

5,300 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Struthers

County

Mahoning

State

Ohio

Latitude

41.0474

Longitude

-80.6154

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