880 Youngstown Poland RdStruthers, OH 44471

  • Retail properties
  • 0.14 AC
For Sale
$549,000 View listing

Property Details for 880 Youngstown Poland Rd

Lot size
0.14 AC
Property type
Retail properties
Property subtype
Turn key restaurants
APN
38-015-0-357.00-0
APU
380150357000

Description

This exceptional investment opportunity encompasses a thriving, well-established business operating since 1951 in the heart of Struthers, Ohio. The property includes the main restaurant building, complete with all kitchen equipment, inventory, and recreational equipment, ensuring a seamless transition for a new owner. A dedicated pizza shop entrance provides convenient carryout service. The recently renovated basement banquet center is a significant asset, boasting a modern extended bar with seating for twelve, a three-bay sink, separate hand-wash sink, multiple large TVs, five high-top tables, and two new bathrooms. The outdoor patio bar, fully fenced and heated, features a full-service bar with seating for twelve, additional TVs, and a jukebox. Recent upgrades include five newly updated bathrooms, some new kitchen equipment, a 4x8 digital signage system, and a freshly paved parking lot. Adding to the investment potential, a separate residential property at 631 Geneva Ave, Struthers, Ohio 44471, is included. Currently rented for $550 per month, this property sits directly behind the restaurant. The sale also includes multiple additional parcels of land, clearly outlined in picture number 34 of the listing. This turnkey operation presents a rare opportunity to acquire a profitable business with significant real estate holdings in a desirable location. The combination of the established restaurant, banquet facility, and rental property offers a strong return on investment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,680,438
    6.5%
    $1,551,173
    7%
    $1,440,375
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,416,918
    Geo Method
    $1,416,918
  • Alternative Use

    Use
    Valuation
    Residential
    $1,308,472
    Hospitality
    $1,198,554
    Educational
    $997,183
    Medical
    $1,031,477
    Retail
    $1,551,173
880 Youngstown Poland Rd, Struthers, Ohio

Location Insight

City
Struthers
County
Mahoning
State
Ohio
Latitude
41.0474
Longitude
-80.6154
CBSA code
49660
CBSA name
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$350
$5,440
-
$5,440
-
$15,540
-
$15,540

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