Restaurant Building with
990 W State Street, Salem, OH 44460
For Sale
$225,000
CommercialSale, Salem, OH
Property Size1,418 SF
Lot Size0.68 Acres
Price / SF$158.67
Days on Market45
Property Features for 990 W State Street
General Information
Property type
Property subtype
Rooms
Parking
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Roof type
Listing Agency:
Tanner Real Estate Co.
(330) 823-8880
Listed By:
Lisa M Trummer · License OH #2006001890
(330) 257-0870
Added: Sep 29
Changed: Nov 10
Last Checked: Nov 12 at 8:06AM
MLS# 5248751
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 1,418-square-foot restaurant building was constructed in 1964 on a 0.675-acre parcel. Its layout includes a dining area, counter, kitchen, men’s and women’s restrooms, and both a drive-through window and a walk-up service window. Kitchen equipment includes a four-tub stainless steel sink and two large Captive Aire hoods, one with an Ansul system. A divided basement provides additional space. Heating is by gas furnace, with air conditioning and breaker electric service with 3-phase power.
The property has approximately 30 parking spaces and public water and sewer service. The roof is rubber.
The property has approximately 30 parking spaces and public water and sewer service. The roof is rubber.
Key Highlights
- 1,418‑square‑foot restaurant on a 0.675‑acre lot
- Drive‑through and walk‑up service windows
- Dining area, counter, kitchen, and separate men’s and women’s restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,473
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,460
$369.5K
Cap Rate 7%
$263,900
$263.9K
Cap Rate 9%
$205,256
$205.3K
Market Conditions
NOI Build-Up for 1,418 SF
Gross rent
$25.5K $18.00/SF
− Vacancy
−$893 −$0.63/SF
EGI
$24.6K $17.37/SF
− OpEx
−$6.2K −$4.34/SF
NOI
$18.5K $13.03/SF
Area
Columbiana County, OH
Vacancy
3.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,460
Cap Rate 7%
$263,900
Cap Rate 9%
$205,256
Alternative Uses
Best Use
Specialty Retail
$263.9K
$230.9K – $307.9K
NOI $18,473 @ 7.0% cap · market cap 8.21%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Utilities to site
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
36k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 49%
Dunkin' Donuts
Dining
13,948 visits/mo
0.1 miles
Circle K
Shops & Services
8,882 visits/mo
0.2 miles
Dollar General
Shops & Services
7,866 visits/mo
0.1 miles
Pizza Hut
Dining
4,330 visits/mo
0.5 miles
Napa Auto Parts
Shops & Services
752 visits/mo
0.5 miles
Demographics for 44460, OH
25,393
Population
11,595
Households
2.2
Avg Household Size
46
Median Age
20%
College-Educated
90%
High-School Grad
107.4 sq mi
ZIP Area
236
Density / Sq Mi
$59,882
Median Household Income
$35,912
Median Earnings
$770
Median Rent
$153,200
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant layout includes indoor dining, a kitchen, and separate walk-up and drive-through service windows.
Where is this conventional restaurant located?
The property is located at 990 W State Street Salem, OH.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,418‑square‑foot restaurant on a 0.675‑acre lot; Drive‑through and walk‑up service windows; Dining area, counter, kitchen, and separate men’s and women’s restrooms
