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    7438 Southern Blvd Youngstown, OH 44512

    For Sale
    $1,500,000

    Turnkey Italian Market, High Traffic

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional opportunity presents a 5,000-square-foot grocery store located at 7438 Southern Boulevard, Youngstown, Ohio, 44512. The property, built in 2002, sits on a 0.17-acre lot and boasts 35 parking spaces. Currently operating at 100% occupancy as a single-tenant, NNN lease, the property is zoned for retail use. The asking price is $1,500,000. This established business, operating since 1907, offers a turnkey operation including all fixtures, fittings, and inventory. The property features expansive retail space, a fully equipped kitchen, and ample storage, all meticulously maintained. The existing staff is willing to remain post-sale. This is a rare chance to acquire a profitable, well-established business with a strong reputation and loyal customer base in a prime location. The property's APN is 29-031-0-095.00-0. The lease has zero years remaining. This is a one-story building. The business is a well-known Italian specialty store.

    Property Features for 7438 Southern Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,000 SF
    Lot Size
    7,405 SF

    Building Details

    Year Built
    2002
    Stories
    1

    HighLights

    • 5,000 SF grocery store on 0.17‑acre lot in Youngstown, OH.
    • 35 parking spaces and zoned for retail use.
    • NNN lease, 100% occupied, asking price $1,500,000.
    • Turnkey operation including fixtures, fittings, inventory, and existing staff.
    • One‑story building, APN 29‑031‑0‑095.00‑0, built in 2002.
    • Well‑established Italian specialty store operating since 1907; lease expired.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lariccia's Italian Marketplace Italian Grocery Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Youngstown
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.6548448
    Latitude
    41.0200242

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    FAQs

    What type of property is this?
    Individual retail property - Turnkey Italian Market, High Traffic
    Where is this individual retail property located?
    The property is located at 7438 Southern Blvd Youngstown, OH.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 5,000 SF grocery store on 0.17-acre lot in Youngstown, OH.; 35 parking spaces and zoned for retail use.; NNN lease, 100% occupied, asking price $1,500,000.
    Request Owner's contact information
    7438 Southern Blvd Youngstown, OH 44512
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7438 Southern Blvd Youngstown, OH 44512
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