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    501 Washington St Steubenville, OH 43952

    Sponsored
    For Sale
    $685,000

    Prime Downtown Location, 15,000 SF

    Property size:
    17,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 501 Washington St, Steubenville, OH 43952, presents a unique investment opportunity. The 17,500 square foot building, constructed in 1937, sits on a 0.86-acre lot and offers 15,000 square feet of net rentable space. Currently operating as a well-established bar and restaurant, the property boasts a full-service commercial kitchen and multiple private rooms capable of hosting events for 20 to 300 guests. The B1-Central Business District zoning allows for a variety of uses. The property includes a liquor license transfer and ample parking (4 spaces per 1,000 sq ft). The two-story building is classified as Class B and features a multi-tenant setup. Seller financing is available. This prime location in downtown Steubenville offers high visibility and significant foot traffic, making it an ideal investment for experienced restaurateurs, event planners, or savvy investors seeking a high-return opportunity. The property's rich history and versatile layout provide a solid foundation for future success. The asking price is $685,000. The Jefferson County APN is 07-15019-000.

    Property Features for 501 Washington St

    General Information

    Property type
    Individual retail properties
    Square Feet
    17,500 SF
    Class
    B
    Lot Size
    37,462 SF

    Building Details

    Year Built
    1937
    Buildings
    1
    Stories
    2

    HighLights

    • $685,000 asking price for a multi‑tenant retail property.
    • 15,000 square feet of net rentable space in a 17,500 square foot building.
    • B1 Central Business District zoning.
    • Seller financing available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shelly & Sands General Contractor FARMERS INSURANCE Auto Insurance Agency Sly Bail Bonds Bail Bonds Service Delores Livingston Counselor Froehlich's Classic Corner American Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Steubenville
    County
    Jefferson
    State
    Ohio
    Longitude
    -80.6156462
    Latitude
    40.3624289

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    FAQs

    What type of property is this?
    Individual retail property - Prime Downtown Location, 15,000 SF
    Where is this individual retail property located?
    The property is located at 501 Washington St Steubenville, OH.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: $685,000 asking price for a multi-tenant retail property.; 15,000 square feet of net rentable space in a 17,500 square foot building.; B1 Central Business District zoning.
    Request Owner's contact information
    501 Washington St Steubenville, OH 43952
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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
    501 Washington St Steubenville, OH 43952
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