Drive-Through Restaurant
For Sale
$259,900
990 W State Street, Salem, OH 44460
Restaurant configuration includes dining space, a kitchen, and separate drive-through and walk-up service windows.
Property Size1,418 SF
Lot Size0.67 Acres
Price / SF$183.29
Days on Market10
Property Features for 990 W State Street
General Information
Standard status
Active
Size
1,418 SF
Total Parking Spaces
30
Lot size
0.67 Acres
Site & Location
Drive-Thru
Yes
Utilities to Site
Yes
Additional Details
Commercial Hood
Yes
Taxes and HOA fees
Annual Taxes
$1,319
Amenities
men's and women's restrooms
walk-up service window
Full
true
1
Public
0.675
30
Assessor
Building Details
Year Built
1964
Buildings
1
Stories
1
Listing Agency:
Tanner Real Estate Co.
(304) 501-5212
Listed By:
Karen Ullom
Source:
Karenullomrealty
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:20PM
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 Tanner Real Estate Co.
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Investment Insights
Based on property information with market context.
This 1,418-square-foot commercial building was constructed in 1964 and previously operated as a pizza shop. The interior includes a dining area, counter, kitchen, men’s and women’s restrooms, and a full divided basement. Kitchen equipment includes a four-tub stainless steel sink and two large stainless steel Captive Aire hoods; one hood has an Ansul system. Building systems include a gas furnace, air conditioning, breaker electric with three-phase service, and city utilities.
Separate drive-through and walk-up service windows support customer service from both the building and the exterior. The property also has approximately 30 parking spaces.
Separate drive-through and walk-up service windows support customer service from both the building and the exterior. The property also has approximately 30 parking spaces.
Key Highlights
- 1,418‑square‑foot commercial building constructed in 1964
- Drive‑through and walk‑up service windows
- Dining area, counter, kitchen, and men’s and women’s restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,473
Cap Rate
7.11%
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
Industrial
$949.5K
$830.8K – $1.11M
NOI $66,464 @ 7.0% cap · market cap 25.57%
Second Best
Specialty Retail
$263.9K
$230.9K – $307.9K
NOI $18,473 @ 7.0% cap · market cap 7.11%
Theoretical Best
Warehouse
$1.20M
$1.05M – $1.40M
NOI $83,845 @ 7.0% cap · market cap 32.26%
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
Open Analytics
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
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?
Drive through restaurant - Restaurant configuration includes dining space, a kitchen, and separate drive-through and walk-up service windows.
Where is this drive through 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 $259,900.
What are key features of this property?
This property features: 1,418‑square‑foot commercial building constructed in 1964; Drive‑through and walk‑up service windows; Dining area, counter, kitchen, and men’s and women’s restrooms
