Property profile

5984 South Range Rd Salem, OH 44460

OFF-MARKET
Mixed-use properties
20,000 SF 20.54 ac lot Built 1910
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Property summary

AI-generated overview

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

Verified
Property type Mixed-use properties
Year built 1910
Total area 20,000 SF
Lot 20.54 ac (894,722 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5984 South Range Rd Salem, OH 44460
Salem metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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