880 Youngstown-Poland Rd Struthers, OH 44471

Property Details for 880 Youngstown-Poland Rd

Year built

1951

Lot size

1.00 lot acres

Property size

5,300 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional turnkey restaurant opportunity presents a rare chance to acquire the well-established Tangier Bar & Pizza in Struthers, Ohio. Located at 880 Youngstown-Poland Rd, this 5,300 square foot Class B property sits on a one-acre lot and boasts 75 parking spaces. Built in 1951 and extensively renovated in 2018, the property includes a main restaurant area, a separate pizza shop entrance for convenient carryout, and a recently renovated banquet center in the basement. The updated features include five new bathrooms, some new kitchen equipment, a 4x8 digital signage, and a freshly paved parking lot. The attractive space features a newly extended bar seating approximately 12, a three-bay sink, a separate hand-wash sink, multiple large TVs, five high-top tables, and two new bathrooms. A fully fenced and heated outdoor patio bar with a full-service 12-person bar, additional seating, TVs, and a jukebox adds to the property's appeal. All kitchen equipment, inventory, and recreational equipment are included in the sale. The asking price is $549,000, with a strong NOI of $100,000 and an attractive 18.21% cap rate. An additional property at 631 Geneva Ave, Struthers, OH 44471, currently rented for $550 per month, is also included in this sale. This property is zoned commercial and operates under an Absolute NNN lease. This is a single-unit, owner/user investment opportunity with significant potential for continued success.