17408 Sr 45, Wellsville, OH 43968

Building Details

Year Built 1950 More

Listing Agency: Cedar One Realty

Listed By: Joyce A Mays · License OH #2001003416 Show Phone

Source: Theacclaimedrealty

Added: Jun 21 Changed: Nov 4 Last Checked: Nov 10 at 11:51AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cedar One Realty

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This offering is a for-sale restaurant property located at 17408 SR 45. The information provided does not describe interior layout, seating capacity, or specific building improvements, so prospective buyers should plan to review the property details during their due diligence.

The site is in Columbiana County, Ohio, in Wellsville, and access is described via St Rt 7 to St Rt 45. As a highway-positioned restaurant property, it can support operators seeking a straightforward road-adjacent presence.

For buyers or restaurant operators, this asset may fit a range of foodservice concepts that require a dedicated restaurant site with practical access along SR 45. Because the available details are limited to the property type and location/access notes, evaluating the current condition, utilities, and any restaurant-specific infrastructure would be important for confirming operator fit.

Key Highlights

• Restaurant property for sale off State Route 45 in Columbiana County
• Central Air cooling
• Forced air, oil heating

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,854

Cap Rate

8.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$817,080 $817.1K

Cap Rate 7%

$583,629 $583.6K

Cap Rate 9%

$453,933 $453.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,136 SF

Gross rent

$56.4K $18.00/SF

− Vacancy

−$2.0K −$0.63/SF

EGI

$54.5K $17.37/SF

− OpEx

−$13.6K −$4.34/SF

NOI

$40.9K $13.03/SF

Area

Columbiana County, OH

Vacancy

3.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$817,080

Cap Rate 7%

$583,629

Cap Rate 9%

$453,933

Alternative Uses

Best Use

Specialty Retail

$583.6K

$510.7K – $680.9K (±1% cap)

NOI $40,854 @ 7.0% cap · market cap 8.17%

Second Best

—

—

no second resolved use

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Grocery & Convenience Store Fish Market Food Market Farmer's Market Car Rental Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

7

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 43968, OH

6,546

Population

3,184

Households

2.1

Avg Household Size

45

Median Age

12%

College-Educated

91%

High-School Grad

33.9 sq mi

ZIP Area

193

Density / Sq Mi

$62,172

Median Household Income

$40,675

Median Earnings

$784

Median Rent

$96,200

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Restaurant property for sale off State Route 45, positioned for drive-by visibility and easy vehicular access.

Where is this conventional restaurant located?

The property is located at 17408 Sr 45 Wellsville, OH.

What is the asking price?

The asking price for this property is $500,000.

What are key features of this property?

This property features: Restaurant property for sale off State Route 45 in Columbiana County; Central Air cooling; Forced air, oil heating