Property summary
This exceptional 20.54-acre property in Salem, OH presents a unique investment opportunity. The centerpiece is a sprawling 20,000 square foot barn, meticulously renovated into a versatile event space. This barn includes twelve individual suites, each boasting a private full bathroom. Four of these suites are designed as condominium-style rental units, complete with kitchenettes, family rooms, and bedrooms. The main event area features two ADA-compliant public restrooms. The barn's infrastructure is robust, featuring a new cement loading dock, a substantial 120V/208V 3-phase 400-amp electrical service, and an automatic transfer switch for a 350 kW Cummins diesel generator. Two 1,000-gallon propane tanks supply multiple tankless water heaters and boilers, ensuring reliable heating and hot water throughout the barn, which is fully climate-controlled. Recent upgrades include a new metal roof, siding, gutters, and downspouts. Complementing the barn is a fully updated five-bedroom home, offering separate zoned heating and cooling systems and showcasing beautiful original custom woodwork. This property enjoys a prime location, just 20 minutes from Youngstown and under an hour from Akron/Canton, offering unparalleled access and potential for diverse uses. The combination of event space, rental units, and a comfortable residence makes this a truly remarkable property.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
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