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32472832
32472839

5318 Youngstown Warren Road, Niles, OH 44446 For Sale

MO
2021000887
Key Realty
Listed by Key Realty
$599,000
67 days on market
Updated 3 days ago

5318 Youngstown Warren Road

Details
Property Type Multifamily, Land (+1)
Sub Type Commercial
Square Footage 130,000
Acreage 3.000
Zoning B-1
Ground Lease No

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!

Listing Contacts

MO
2021000887
Key Realty
Listed by Key Realty

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