2723 Elm RdWarren, OH 44483

Property Details for 2723 Elm Rd

Year built

1920

Lot size

0.16 AC

Property size (Sq ft)

1,886 SF

Property type

Turn key restaurants

APN

28-644800

APU

28644800

Description

This exceptional turnkey restaurant opportunity is situated on a high-traffic corner lot at 2723 Elm Road NE in Warren, Ohio. The 1,886 square foot building sits on a 0.16-acre lot, providing ample visibility and accessibility for customers. The interior boasts a welcoming atmosphere with booth and table seating, complemented by additional bar seating. The fully equipped kitchen is a chef's dream, featuring essential commercial appliances including a reach-in cooler, chest freezer, walk-in cooler, deep fryer, and stove. This is a ready-to-operate establishment, perfect for an aspiring restaurateur or an experienced operator looking to expand their business. The property is priced at $175,000, representing a significant value for a fully operational restaurant in a desirable location. The high-traffic corner location ensures excellent exposure and potential for substantial revenue. This is a rare opportunity to acquire a well-established restaurant with all the necessary equipment and infrastructure in place. Don't miss out on this chance to own your own thriving business. Schedule a viewing to explore this exciting prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $421,398

  6.5%

  $388,983

  7%

  $361,198

• Comparable approach

  Method

  Valuation

  Relative Method

  $183,473

  Geo Method

  $183,473

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $770,790

  Mixed-Use / Specialty

  $382,652

  Hospitality / Lodging

  $274,302

  Office

  $375,228

  Institutional / Educational

  $396,036

  Residential Income

  $463,362

  Multifamily

  $583,143

  Automotive / Energy

  $339,460

  Parking / Income-Based Land

  $122,028

  Restaurant / Food Service

  $188,467

  Healthcare / Senior Housing

  $397,473

Location Insight

City

Warren

County

Trumbull

State

Ohio

Latitude

41.2589

Longitude

-80.7853

CBSA code

49660

CBSA name

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

Property Tax & Assessments

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