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Property profile & analytics
FOR LEASE
Drive through restaurants

20 S Canal St Newton Falls, OH 44444

4,638 SF 0.31 ac lot Built 1986
Individually Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US66-1108857
Property summary
AI-generated overview

This stunning, two-story, 8,000 square foot former bank building presents a unique opportunity for businesses seeking a prominent presence in Newton Falls, Ohio. Located on a desirable corner lot in the heart of the downtown area, this Class B office building offers excellent visibility and accessibility. Currently, there is one available space encompassing 4,200 square feet, perfect for a variety of office uses. The building's traditional office layout provides a professional and functional workspace. The owner is motivated and willing to contribute to tenant improvements, making this an attractive option for businesses looking to customize their space. The building's history as a bank adds character and prestige, while its location ensures high foot traffic and easy access for clients and employees. This is a rare opportunity to secure a substantial and well-situated office space in a thriving downtown area. The multiple tenancy structure allows for flexibility and potential for future expansion. The property is situated in Trumbull County, offering access to a range of local amenities and services. Don't miss this chance to establish your business in this impressive and well-positioned building. Contact us today to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1986
Total area 4,638 SF
Lot 0.31 ac (13,504 SF)
APN 53-260140
UPID US66-1108857
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
  • The Hair Loft Hair Salon
  • McDonald's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$705k
Blend (final) Blend
$720k
Owner & transaction history
David N Hanson · 5 yrs held
David N Hanson
since 2021
1 recorded transaction
2021
$132,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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