5318 Youngstown Warren Rd - Hospitality FOR SALE


Niles, OH 44446
$599,000 USD
216-956-1884
5318 Youngstown Warren Rd, Niles, OH for Sale
$599,000 USD
Hospitality - FOR SALE
1/44
null | Request Cap Rate

5318 Youngstown Warren Rd
Niles, OH 44446


HIGHLIGHTS

  • Incredible frontage on US 422!
  • 3.06 Acres of Commercially Zoned Land!
  • Right Across from Tons of Retail!

OVERVIEW

Four-Parcel Assemblage Totaling 3.06 Acres · Across From Eastwood Mall · Seller Financing Available for Qualified Buyers! 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. In addition, there is a billboard included with the property that can be leased for additional income. Currently, the billboard brings in about $100 per month in revenue, but can be increased through a new contract with a new advertising company. 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. Ideal for land developers (multi-pad retail, hospitality flag, mixed-use) or hospitality operators (renovate/rebrand the existing motel). Offered at $799,000. Seller financing available for qualified buyers.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$98 USD /SF

# OF ROOMS

15

PRICE/ROOM

$39,933 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3.06 Acres of Land w/ Existing Motel!

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1900

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

B1

APN/PARCEL ID

20-011000,20-011010,20-011012,20-011014

ASK ABOUT THIS PROPERTY

Michael OrlandoKey RealtyMore Info
216-956-1884

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Michael OrlandoKey RealtyMore Info
216-956-1884

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.