Historic Italian Marketplace For
7438 Southern Blvd Youngstown, OH 44512
For Sale
Contact for pricing
Turnkey Italian marketplace established in 1907, a century-old legacy.
Property Size5,300 SF
Price / SF$188.68
Days on Market148
Property Features for 7438 Southern Blvd
General Information
Standard status
Active
Size
5,300 SF
Property subtype
Retail
Building Details
Year Built
2002
Listing Agency:
Gonatas Real Estate
(330) 729-5004
Listed By:
Dennis Gonatas · License #BRKP.2023000272
Source:
Crexi
Added: Mar 3
Changed: Jul 6
Last Checked: Jul 28 at 4:13PM
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
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 For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.5k | $15.00 |
| − Vacancy | −$4.8k | −$0.90 |
| EGI | $74.7k | $14.10 |
| − OpEx | −$18.7k | −$3.53 |
| NOI | $56.1k | $10.58 |
5,300 SF · lease $15.00/SF/yr · vacancy 5.98% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$800.8K
$700.7K – $934.3K
NOI $56,059 @ 7.0% cap · market cap 5.61%
Second Best
Retail
$238.5K
$208.7K – $278.3K
NOI $16,695 @ 7.0% cap · market cap 1.67%
Theoretical Best
Office A
$1.00M
$875.1K – $1.17M
NOI $70,011 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
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 $1,000,000.
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.
