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Property profile & analytics
FOR SALE
Retail space

115 Ludlow St Warren, PA 16365

5,302 SF 1.58 ac lot Built 1970
Entity Owned Absentee Owner Free & Clear
Property ID
US73-3363191
Property summary
AI-generated overview

This exceptional restaurant opportunity is located at 115 Ludlow Street in Warren, Pennsylvania, a high-traffic area where Routes 6 and 62 converge. The former Perkins restaurant boasts a prime location, easily accessible to travelers exiting the highways and situated on a 1.58-acre lot with 81 parking spaces. Ludlow Street connects directly to Pennsylvania Avenue, Warren's main thoroughfare, ensuring high visibility and convenient access for customers. The property's size and ample parking make it ideal for a variety of restaurant concepts. Warren County, with a population of approximately 38,000, offers a stable local economy supported by manufacturing, retail, and service sectors. Its location near the Pennsylvania-New York border and robust infrastructure, including major highways and a regional airport, further enhance its appeal. This presents a unique chance to establish a thriving business in a community with strong community ties and a charming small-town atmosphere. The property's history as a successful restaurant provides a solid foundation for future success, offering significant potential for a new operator. The asking price is $550,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1970
Total area 5,302 SF
Lot 1.58 ac (68,825 SF)
APN WN-499-670000-000
UPID US73-3363191
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mama Jane's Eatery Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$765k
Comparable Approach Comparable
$593k
Blend (final) Blend
$560k
Owner & transaction history
STORE CAPITAL ACQUISITIONS LLC
STORE CAPITAL ACQUISITIONS LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $505,000 +31.5%
Commercial (general) $495,000 +28.0%
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More about this property
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