880 Youngstown Poland RdStruthers, OH 44471
- Retail properties
- 0.14 AC
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
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
Comparable in this City
Similar Nearby for Sale
FAQs
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