55 N Market St East Palestine, OH 44413
For Sale
1 / 11
Exceptional opportunity to acquire the renowned Skerball Building, a prominent standalone commercial property situated in the heart of East Palestine's business district on Market Street. This 6,240-square-foot lot features a substantial building with over 6,000 square feet of usable space, including a full basement and a second floor offering over 3,000 square feet with two bathrooms and a rooftop deck. The street-level space has been completely gutted, ready for a complete remodel to suit your business needs. Previous plans included a restaurant concept, and some restaurant equipment is available. Recent updates include a new roof, oversized gutters and downspouts, some new windows, and updated gas and water lines. Exterior improvements include a rebuilt rear wall, repointing, and repainting. A sound system is in place, and the water line is split for a sprinkler system. An adjacent 38 x 120 lot, prepared for an outdoor deck and paved walkway, provides convenient access to a public parking lot. The building's strategic location offers easy access to major transportation hubs, including Youngstown, OH (25 minutes), Pittsburgh, PA (1 hour), Pittsburgh International Airport (40 minutes), and Cleveland, OH (1.5 hours). This property presents endless possibilities for a variety of commercial ventures. The asking price is $250,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.