About This Home
This 0-bedroom, 0-bathroom commercial at 5318 Youngstown Warren Road in Niles, OH is listed for $499,000. Built in 1957, on a 0.79 acres lot.
Key Features
- Built in 1957
- 0.79 acre lot
Property Details
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. 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). Seller financing available for qualified buyers. Full investment memorandum available.
Monthly Cost Estimate
$2,669/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5318 Youngstown Warren Road
Niles, OH 44446
Valley Home Garden Acres
Property Details
Heating
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 5318 Youngstown Warren Road is listed at $499,000. The estimated monthly payment is $2,669 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1957, 0.79 acre lot.
This property is listed by Michael Orlando and can be reached at 2169561884.
