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    118 Park Ave Warren, OH 44481

    Sponsored
    For Sale
    $275,000

    Historic Warren Restaurant, $275,000

    Property size:
    4,350 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This charming 4,350 sq ft brick building, located at 118 N Park Ave in Warren, Ohio (APN 39-367539), presents a unique investment opportunity. Built in 1900, this retail property currently houses a restaurant leasing the main level space, which has previously accommodated diverse businesses including a beauty salon, radio station, and retail store. The main level features a cozy vestibule with a private seating area, a spiral staircase leading to a full basement for storage, exposed brick walls, a spacious bar area, a large dining room, and a fully equipped kitchen with a prep area. The sale includes a private rear parking lot. Note that the upper two floors comprise five privately owned residential condo units, not included in this sale. The property's prime location in Warren's Courthouse Square offers excellent visibility and access to ample street and deck parking. The asking price is $275,000, translating to $63.22 per square foot. This property blends historical charm with modern functionality, making it an attractive proposition for a variety of uses. The building's rich history and prominent location within a vibrant downtown area offer significant potential for future growth and profitability.

    Property Features for 118 Park Ave

    General Information

    Property type
    Restaurants
    Square Feet
    4,350 SF

    Building Details

    Year Built
    1900

    HighLights

    • 118 N Park Ave, Warren, OH (APN 39‑367539): 4,350 sq ft brick building, built in 1900.
    • Ground floor retail space currently leased to a restaurant; previously housed diverse businesses.
    • Features include a vestibule, spiral staircase, full basement, exposed brick, bar area, large dining room, and fully equipped kitchen.
    • Includes private rear parking lot.
    • Asking price: $275,000 ($63.22/sq ft).
    Property Profile Location Intelligence

    Current Use by Public Records

    RC Trucks Shop Hobby Store Sew Cute! Boutique ... Clothing Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.8178518
    Latitude
    41.2364676

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    FAQs

    What type of property is this?
    Restaurant - Historic Warren Restaurant, $275,000
    Where is this restaurant located?
    The property is located at 118 Park Ave Warren, OH.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: 118 N Park Ave, Warren, OH (APN 39-367539): 4,350 sq ft brick building, built in 1900.; Ground floor retail space currently leased to a restaurant; previously housed diverse businesses.; Features include a vestibule, spiral staircase, full basement, exposed brick, bar area, large dining room, and fully equipped kitchen.
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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
    118 Park Ave Warren, OH 44481
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