
5318 Youngstown Warren Road
3.06 Acre, 4 Parcel Development Opportunity on Major Corridor! Owner Financing for Qualified Buyers!
Marketing description
Four-Parcel Assemblage Totaling 3.06 Acres · Across From Eastwood Mall · Seller Financing Available
Sale includes four contiguous parcels totaling 3.06 acres on Youngstown Warren Rd (US-422) directly across from the Eastwood Mall Complex — 3.4M SF of regional retail anchored by Macy's, Target, Boscov's, Dave & Buster's, and a Marriott Residence Inn, drawing 13M+ visitors annually. Zoned B-1 Highway Commercial, permitting motel, retail, QSR, automotive, office, banking, and 11 other uses by-right — no rezoning timeline or approval risk.
Currently operating as Cottage Inn (15-key independent motel) with nightly and weekly rate structures — generating bridge income on day one while a buyer designs, permits, or repositions. All units include refrigerators and microwaves. Property also includes a 22'×44' detached garage with electrical service — usable for additional rental income (vehicle/contractor storage) or owner use.
Pricing validated by recent corridor comps: a neighboring 0.72-acre parcel sold at a true-cost basis of ~$219K/ac (Oct 2025), and a directly adjacent 0.72-acre pad is currently marketed at $95K/yr ground lease. Subject site benefits from ingress/egress via both US-422 and Park Drive. In addition, there is a billboard onsite that can be rented for additional income! Currently brings in around $100 per month, but can be negotiated to a higher rate with a new company.
Ideal for land developers (multi-pad retail, hospitality flag, mixed-use) or hospitality operators (renovate/rebrand the existing motel). Offered at $699,000. Seller financing available for qualified buyers.
Investment highlights
- Incredible frontage on US 422!
- Right across from major retail / mall with solid anchors!
- Currently operating as a 15 key motel!
- Significant traffic in this corridor!
- Zoned B-1 allowing multiple potential lucrative development opportunities!
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