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Two-Story Restaurant With Bar
For Sale
$600,000

24 N Phelps Street, Youngstown, OH 44503

CommercialSale, Youngstown, OH

Property SizeContact for details
Lot Size0.04 Acres
Days on Market159

Property Features for 24 N Phelps Street

General Information

Property type Commercial Sale
Property subtype Other
Subdivision City/Youngstown
Elementary school district Youngstown CSD - 5014
Middle school district Youngstown CSD - 5014
High school district Youngstown CSD - 5014
Directions Commerce to Phelps St.
Standard status Active
APN 53-002-A-124.00-0
Lot size 0.04 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LOT 5047 18 X 85 N PHELPS
Tax Annual Amount 2303
Legal Description LOT 5047 18 X 85 N PHELPS

Utilities

Heating system Forced Air

Amenities

office space
full bath
lounge area
storage

Building Details

Year built 1910
Listing Agency: Brokers Realty Group · Real Living
Listed By: Daniel J Alvarez · License #2004020741
Added: Mar 16 Changed: Aug 20 Last Checked: Aug 21 at 3:06PM
MLS# 5193609

Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This two-story restaurant property combines a finished first-floor service and dining layout with substantial back-of-house infrastructure. The space includes a full-length bar, two dining areas, updated restrooms, a draft and craft beverage area, fountain soft drinks, and streetside views. The commercial kitchen is equipped with a large flattop, dual fry stations, an industrial range, cold-prep stations, twin refrigerators, and dishwashing equipment. Basement support includes an oversized walk-in cooler, ice machine, and CO2 systems.

The second floor adds office space, a full bath, lounge area, and storage or potential apartment space. The property is located at 24 N Phelps Street in Youngstown’s downtown restaurant district, with foot-traffic access and space suited to gatherings. Construction is finalized, and the recently closed business is available for reinstatement. A D-5 liquor license is included.

Key Highlights

  • Two‑story restaurant building at 24 N Phelps Street, Youngstown, OH 44503
  • 0.035 acres in the downtown restaurant district on Phelps Street
  • Professionally equipped kitchen with large flattop, dual fry stations, and industrial range

Property Analytics

Current Use

Title Works Title Company

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Skin Care Clinic Florist Acupuncture Furniture & Home Goods

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

Lease Details

Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

1,318
Businesses Nearby
Balanced
Demand for This Use

Demographics for 44503, OH

1,922
Population
619
Households
3.1
Avg Household Size
39
Median Age
5%
College-Educated
81%
High-School Grad
0.4 sq mi
ZIP Area
4,805
Density / Sq Mi
$12,764
Median Household Income
$14,375
Median Earnings
$405
Median Rent

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Recently completed restaurant property with a professionally equipped kitchen, multiple dining areas, office space, and a D-5 liquor license.
Where is this conventional restaurant located?
The property is located at 24 N Phelps Street Youngstown, OH.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two‑story restaurant building at 24 N Phelps Street, Youngstown, OH 44503; 0.035 acres in the downtown restaurant district on Phelps Street; Professionally equipped kitchen with large flattop, dual fry stations, and industrial range
More about this property
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