Historic Italian Marketplace For
For Sale
Contact for pricing
7438 Southern Blvd, Youngstown, OH 44512
Turnkey Italian marketplace established in 1907, a century-old legacy.
Property Size5,300 SF
Price / SF$179.25
Days on Market238
Property Features for 7438 Southern Blvd
General Information
Standard status
Active
Size
5,300 SF
Total Parking Spaces
35
Property subtype
Retail
Zoning
Retail
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
2002
Stories
1
Tenancy
Single
Listing Agency:
Gonatas Real Estate
Listed By:
Dennis Gonatas · License #BRKP.2023000272
(330) 629-2696
Source:
Crexi
Added: Mar 3
Changed: Oct 25
Last Checked: Oct 26 at 3:01PM
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 Gonatas Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This historic Italian marketplace, established in 1907, is available for sale as a turnkey operation. The business has been a cornerstone of culinary excellence and local tradition for over a century. The property features expansive retail spaces, a well-equipped kitchen, and storage facilities, all maintained to the highest standards. The sale includes all fixtures, fittings, and meticulously sourced inventory. The marketplace is known for its exceptional selection of gourmet Italian foods, artisanal goods, and an ambiance of old-world charm. It attracts a loyal clientele and consistently garners high foot traffic. The property is located in the heart of the community. The business has a proven track record, supported by a dedicated team of experienced staff. The marketplace is a cultural landmark, embedded in the fabric of the local society. The property size is 5300 square feet.
Key Highlights
- Turnkey Italian marketplace established in 1907 with a century‑long legacy and strong community reputation.
- Proven track record of success with a loyal clientele and high foot traffic.
- Includes all fixtures, fittings, and meticulously sourced inventory for seamless operation.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,059
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,121,180
$1.1M
Cap Rate 7%
$800,843
$800.8K
Cap Rate 9%
$622,878
$622.9K
Market Conditions
NOI Build-Up for 5,300 SF
Gross rent
$79.5K $15.00/SF
− Vacancy
−$4.8K −$0.90/SF
EGI
$74.7K $14.10/SF
− OpEx
−$18.7K −$3.53/SF
NOI
$56.1K $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%
$1,121,180
Cap Rate 7%
$800,843
Cap Rate 9%
$622,878
Alternative Uses
Best Use
Specialty Retail
$800.8K
$700.7K – $934.3K
NOI $56,059 @ 7.0% cap · market cap 5.90%
Second Best
Retail
$238.5K
$208.7K – $278.3K
NOI $16,695 @ 7.0% cap · market cap 1.76%
Theoretical Best
Office A
$1.00M
$875.1K – $1.17M
NOI $70,011 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,034
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 44512, OH
33,282
Population
15,770
Households
2.1
Avg Household Size
44
Median Age
35%
College-Educated
94%
High-School Grad
17.0 sq mi
ZIP Area
1,958
Density / Sq Mi
$62,311
Median Household Income
$38,828
Median Earnings
$788
Median Rent
$158,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Target Grocery — 417 Boardman Poland Rd, Boardman, OH 44512
- Save A Lot — 223 Boardman-Canfield Rd, Youngstown, OH 44512
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Turnkey Italian marketplace established in 1907, a century-old legacy.
Where is this grocery and convenience store located?
The property is located at 7438 Southern Blvd Youngstown, OH.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Turnkey Italian marketplace established in 1907 with a century‑long legacy and strong community reputation.; Proven track record of success with a loyal clientele and high foot traffic.; Includes all fixtures, fittings, and meticulously sourced inventory for seamless operation.
