Restaurant Building with
For Sale
$259,900
990 W State Street, Salem, OH 44460
CommercialSale, Salem, OH
Property Size1,418 SF
Lot Size0.68 Acres
Price / SF$183.29
Days on Market8
Property Features for 990 W State Street
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking
30
Subdivision
Appraisers
Elementary school district
Salem CSD - 1508
Middle school district
Salem CSD - 1508
High school district
Salem CSD - 1508
Directions
West State St. Across from Dairy Queen
Standard status
Active
APN
5103818000
Lot size
0.68 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PT 949 APPR (990 W STATE ST) 0.675A
Tax Annual Amount
1319
Legal Description
PT 949 APPR (990 W STATE ST) 0.675A
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1964
Floors in Building
1
Roof type
Rubber
Listing Agency:
Tanner Real Estate Co.
(330) 823-8880
Listed By:
Lisa M Trummer · License #2006001890
(330) 257-0870
Added: Sep 29
Last Checked: Oct 6 at 5:06PM
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.
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
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
Specialty Retail
$263.9K
$230.9K – $307.9K
NOI $18,473 @ 7.0% cap · market cap 7.11%
Second Best
—
—
no second resolved use
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.
Property Analytics
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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
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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 $259,900.
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
