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    5984 South Range Rd Salem, OH 44460

    For Sale
    $2,999,999

    Massive Event Barn, 12 Suites, & Home

    Property size:
    20,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 20.54-acre property in Salem, OH presents a unique investment opportunity. The centerpiece is a sprawling 20,000 square foot barn, meticulously renovated into a versatile event space. This barn includes twelve individual suites, each boasting a private full bathroom. Four of these suites are designed as condominium-style rental units, complete with kitchenettes, family rooms, and bedrooms. The main event area features two ADA-compliant public restrooms. The barn's infrastructure is robust, featuring a new cement loading dock, a substantial 120V/208V 3-phase 400-amp electrical service, and an automatic transfer switch for a 350 kW Cummins diesel generator. Two 1,000-gallon propane tanks supply multiple tankless water heaters and boilers, ensuring reliable heating and hot water throughout the barn, which is fully climate-controlled. Recent upgrades include a new metal roof, siding, gutters, and downspouts. Complementing the barn is a fully updated five-bedroom home, offering separate zoned heating and cooling systems and showcasing beautiful original custom woodwork. This property enjoys a prime location, just 20 minutes from Youngstown and under an hour from Akron/Canton, offering unparalleled access and potential for diverse uses. The combination of event space, rental units, and a comfortable residence makes this a truly remarkable property.

    Property Features for 5984 South Range Rd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    20,000 SF
    Lot Size
    894,722 SF

    Building Details

    Year Built
    1910
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Food Market Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.76311
    Latitude
    40.94428

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    FAQs

    What type of property is this?
    Mixed-use property - Massive Event Barn, 12 Suites, & Home
    Where is this mixed-use property located?
    The property is located at 5984 South Range Rd Salem, OH.
    What is the asking price?
    The asking price for this property is $2,999,999.
    (330) 815-2198
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    Salem, OH 44460
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5984 South Range Rd Salem, OH 44460
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