41 Main St Niles, OH 44446-5011
- Turn key restaurants
- 4,096 SF
- 0.46 lot acres
Current Use by Public Records
- Jerry Immediate Dental Niles / Emergency Dental Service
- Stoneyard Grill & Tavern / Bar & Grill / Family Restaurant
Property Details for 41 Main St
- Year built
- 1976
- Construction
- BRICK
- Lot size
- 0.46 lot acres
- Property size
- 4,096 SF
- Property type
- Turn key restaurants
- APN
- 25-612320
- APU
- 25612320
Description
This exceptional downtown Niles restaurant presents a unique investment opportunity. The property boasts a prime location on S Main Street, capitalizing on high traffic from two major throughways, thanks to multiple entrances. The attractive brick building features sleek design, abundant glasswork, and multiple patio areas, including a charming rear patio perfect for warm weather dining. A large refrigeration unit simplifies deliveries. Inside, a welcoming lobby offers fresh baked goods, leading to a spacious dining room with booths and tables, complemented by industrial-style ceilings. A prominent fireplace and mantle serve as a focal point, mirroring the bar area which includes a central fountain, wine wall, hidden coolers, and a jukebox. Tastefully updated restrooms are conveniently located. An enclosed courtyard provides an open-air dining experience with gas fireplaces, couches, and roll-up doors opening to the patio. The fully equipped kitchen features four broiler ovens, a range, flattop, fry section, hot and cold prep areas, canning and ice chests, and a dishwashing station. The lower level includes multiple offices, two restrooms, basement cooler access, and ample storage. The 0.46-acre lot provides ample space. This turnkey operation is ready for a new owner to take it to the next level.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $440,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $470,000
- 6.5%
- $440,000
- 7%
- $490,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $430,000
- Geo Method
- $490,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $440,000
- Retail
- $450,000
- Mixed-Use
- $410,000
- Hospitality
- $460,000
- Educational
- $375,000
- Residential Income
- $440,000
- Energy
- $380,000
- Income-Based Land
- $370,000
- Food Service
- $460,000
Location Insight
- Map
- Local Demand
- City
- Niles
- County
- Trumbull
- State
- Ohio
- Longitude
- -80.7648
- Latitude
- 41.1796
- CBSA code
- 49660
- CBSA name
- YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA