41 Main StNiles, OH 44446

Property Details for 41 Main St

Year built

1976

Construction

BRICK

Lot size

0.46 AC

Property size (Sq ft)

4,096 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

25-612320

APU

25612320

Description

This exceptional downtown Niles restaurant presents a unique investment opportunity. The property boasts a prime location on S Main Street, capitalizing on high traffic from two major throughways, thanks to multiple entrances. The attractive brick building features sleek design, abundant glasswork, and multiple patio areas, including a charming rear patio perfect for warm weather dining. A large refrigeration unit simplifies deliveries. Inside, a welcoming lobby offers fresh baked goods, leading to a spacious dining room with booths and tables, complemented by industrial-style ceilings. A prominent fireplace and mantle serve as a focal point, mirroring the bar area which includes a central fountain, wine wall, hidden coolers, and a jukebox. Tastefully updated restrooms are conveniently located. An enclosed courtyard provides an open-air dining experience with gas fireplaces, couches, and roll-up doors opening to the patio. The fully equipped kitchen features four broiler ovens, a range, flattop, fry section, hot and cold prep areas, canning and ice chests, and a dishwashing station. The lower level includes multiple offices, two restrooms, basement cooler access, and ample storage. The 0.46-acre lot provides ample space. This turnkey operation is ready for a new owner to take it to the next level.

• CAP approach

  CAP return

  Valuation

  6%

  $1,145,079

  6.5%

  $1,056,996

  7%

  $981,497

• Comparable approach

  Method

  Valuation

  Relative Method

  $965,512

  Geo Method

  $965,512

• Alternative Use

  Use

  Valuation

  Residential

  $891,616

  Hospitality

  $816,715

  Educational

  $679,498

  Medical

  $702,867

  Retail

  $1,056,996

Location Insight

City

Niles

County

Trumbull

State

Ohio

Latitude

41.1796

Longitude

-80.7648

CBSA code

49660

CBSA name

YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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