Property profile

41 Main St Niles, OH 44446

OFF-MARKET
Turn key restaurants
Property ID
US66-2283890
4,096 SF 0.46 ac lot Built 1976
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1976
Construction BRICK
Total area 4,096 SF
Lot 0.46 ac (20,038 SF)
APN 25-612320
UPID US66-2283890

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Dental Office
  • Restaurant

Location

41 Main St Niles, OH 44446-5011
Niles metro Census 932802 YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$430k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$440k

Owner & transaction history

since 2022
Last sale
$450,000
2 recorded transactions
2022
$450,000
2011
$129,000

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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