Now Accepting Bids: This property is being sold via online auction by Transaction Auction Groups. -Startin Bid: $350,000 -Auction Ends: Wednesday, September 3 at 4:00PM (ET) Register To Bid Now https://bid.transitionauctiongroup.com/ui/auctions/145343/20791071 Property Description: This versatile commercial property is a recently updated, turnkey restaurant and banquet hall facility situated on a highly visible 2.52-acre lot with extensive frontage on Ridge Road. Whether you're a restaurateur, investor, or developer, this asset offers incredible flexibility, valuable infrastructure, and strong redevelopment potential. Renovations & Improvements (2024): The current owner invested heavily into updates, including: --Full bathroom remodels --New exterior entry carpeting leading to the front entrance --Fresh paint throughout all interior rooms (excluding kitchen) --Upgraded lighting fixtures around the bar area --Numerous aesthetic enhancements and decor improvements Property Features: --14,984 SF building with large open floorplans and multiple segmented areas --Beautifully maintained full-service kitchen, exceptionally clean and spacious --Two large walk-in coolers/freezers plus a full suite of commercial kitchen equipment --Banquet hall and dining room furniture, subdividers, and fixtures included in sale --Multiple small offices ideal for catering coordination, admin use, or tenant leasing --Three-phase power, well-lit exterior, and modern infrastructure --Full basement, clean and accessible for storage or prep expansion Lot & Parking: --Sits on a generous 2.52-acre parcel --Large, paved, and lighted parking lot with substantial capacity --Excellent site lines, visibility, and curb appeal from Ridge Rd Redevelopment Potential: -The flexible layout and large land footprint make this site ideal for: -Converting the banquet wing into multiple small retail suites -Adding drive-thru or QSR lanes for food/beverage tenants -Medical, day care, veterinary, professional office, or co-working uses -Future ground-up development or land subdivision Turnkey + Vision-Ready: --Whether you're opening a restaurant, event center, or food hall — or leasing to multiple tenants — this property offers both immediate usability and long-term upside. --The land alone holds tremendous intrinsic value thanks to its size, zoning flexibility, and high-traffic location. Location Description: Why Newton Falls, Ohio is a Prime Retail / Restaurant Investment Location: Newton Falls delivers an exceptional blend of affordability, built-in residential demand, and limited local competition — making it a prime destination to launch or expand a thriving restaurant concept or attract future-focused retail tenants." Prime Location with Built-In Customers: –Positioned on Ridge Road, a well-traveled corridor with 279 feet of street frontage –Directly bordered by over 373 multifamily housing units, creating a dense, walkable customer base –Excellent site for takeout, dine-in, or hybrid service models that cater to local renters and nearby homeowners Demographics That Support Dining & Retail: –15,000+ residents within a 10-minute drive, with many in dual-income households –36% of local households earn over $75K/year, showing strong discretionary income –High homeownership (71%) means neighborhood stability, while renters next door mean frequent, repeat business Underserved Retail Corridor: –Newton Falls has very limited restaurant and retail options within walking or driving distance –Local residents often leave town to dine out — creating an immediate opening for new food concepts –The retail vacancy rate in the surrounding Youngstown market is just 3.5%, and new construction is nearly nonexistent Regional Investment Momentum: –Trumbull County is home to the new $62M Youngstown Innovation Hub, driving growth in aerospace, manufacturing, and tech –Employment is diversifying beyond legacy industries, with growth in healthcare, logistics, and education Bottom Line: –With hundreds of apartments next door, growing household income, and limited food options in town, this site is ready-made for restaurant success. Newton Falls is a low-risk, –high-upside investment market for retail and restaurant operators who want strong ROI and untapped demand. Highlights -Turnkey Restaurant & Event Space: -Beautifully renovated 14,984 SF facility with full kitchen, banquet hall, bar, offices, and recent upgrades (2024 bathrooms, paint, lighting) Prime 2.5-Acre Corner Lot: -Excellent frontage, high visibility, and a large lighted parking lot on Ridge Rd — ideal for dine-in, catering, or redevelopment 373+ Multifamily Units Next Door: -Directly bordered by high-density housing, creating built-in foot traffic and consistent demand for food & retail services Endless Flexibility: -Convert banquet hall into leasable retail suites, operate as a restaurant/event center, or redevelop — three-phase power + large basement included Affordable Market, High Upside: -Low acquisition and rental costs in a supply-constrained submarket — limited restaurant competition and strong household income ($68K+ avg) Growing Regional Investment: -Near Youngstown’s $62M Innovation Hub; expanding employment in healthcare, manufacturing, and logistics