Riverfront Event Center and
534 Mahoning Ave, Youngstown, OH 44502
For Sale
Contact for pricing
Recently renovated event center with an adjacent pub and outdoor patio, positioned along the river with downtown views.
Property Size14,656 SF
Price / SF$177.40
Days on Market157
Property Features for 534 Mahoning Ave
General Information
Standard status
Size
Property subtype
Investment Type
Building Details
Year Built
Year Renovated
Tenancy
Listing Agency:
Platz Realty Group
Listed By:
Don Thomas · License #OH
(501) 269-3827
Source:
Crexi
Added: Jun 5
Changed: Oct 25
Last Checked: Nov 6 at 5:55AM
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 Platz Realty Group
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Investment Insights
Based on property information with market context.
This riverfront event center is complemented by an adjacent pub and an outdoor patio, creating a multi-use setup for gatherings, events, and dining. The property has been recently renovated and features riverfront improvements designed to support an event-driven business format. With its outdoor space and indoor/event use, the layout supports gatherings that benefit from both atmosphere and flexibility.
The venue is located along the river and offers views of Downtown and historic buildings. Public remarks also indicate it is within walking distance to YSU and YBI, which may be relevant to programming, staffing, and customer convenience.
For buyers or operators, the combination of an event center, a neighboring pub, and outdoor patio space offers a practical platform for hosting a range of occasions in one location. The recently renovated condition can reduce near-term capital planning for a hospitality-oriented operator looking to manage events and on-site food and beverage offerings in an integrated setting. The riverfront setting and downtown/historic views support the guest experience for events that depend on ambiance and venue character.
The venue is located along the river and offers views of Downtown and historic buildings. Public remarks also indicate it is within walking distance to YSU and YBI, which may be relevant to programming, staffing, and customer convenience.
For buyers or operators, the combination of an event center, a neighboring pub, and outdoor patio space offers a practical platform for hosting a range of occasions in one location. The recently renovated condition can reduce near-term capital planning for a hospitality-oriented operator looking to manage events and on-site food and beverage offerings in an integrated setting. The riverfront setting and downtown/historic views support the guest experience for events that depend on ambiance and venue character.
Key Highlights
- Recently renovated riverfront event center along the river
- Adjacent pub plus an outdoor patio
- Walking distance to YSU and YBI
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$155,020
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,100,400
$3.1M
Cap Rate 7%
$2,214,571
$2.2M
Cap Rate 9%
$1,722,444
$1.7M
Market Conditions
NOI Build-Up for 14,656 SF
Gross rent
$219.8K $15.00/SF
− Vacancy
−$13.1K −$0.90/SF
EGI
$206.7K $14.10/SF
− OpEx
−$51.7K −$3.53/SF
NOI
$155.0K $10.58/SF
Area
Mahoning County, OH
Vacancy
5.98%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,100,400
Cap Rate 7%
$2,214,571
Cap Rate 9%
$1,722,444
Alternative Uses
Best Use
Specialty Retail
$2.21M
$1.94M – $2.58M
NOI $155,020 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.77M
$2.42M – $3.23M
NOI $193,600 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,196
Businesses Nearby
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Business Placement
Demographics for 44502, OH
9,300
Population
4,354
Households
2.1
Avg Household Size
34
Median Age
9%
College-Educated
83%
High-School Grad
5.6 sq mi
ZIP Area
1,661
Density / Sq Mi
$32,259
Median Household Income
$18,571
Median Earnings
$915
Median Rent
$37,500
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Wedding venue - Recently renovated event center with an adjacent pub and outdoor patio, positioned along the river with downtown views.
Where is this wedding venue located?
The property is located at 534 Mahoning Ave Youngstown, OH.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Recently renovated riverfront event center along the river; Adjacent pub plus an outdoor patio; Walking distance to YSU and YBI
