24 N Phelps StreetYoungstown, OH 44503

24 N Phelps StreetYoungstown, OH 44503

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$600,000 Active
Commercial - Business MLS 5193609

Listed By

Agency Name: Brokers Realty Group
Agency Contact: dan.alvarez@brokerssold.com, 330-503-0615

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Seize the turn-key potential of this established Youngstown business! Recently closed but available for near-instant reinstatement, this building puts you in the heart of downtown's bustling restaurant district. With construction now finalized, this scenic local sits in the hottest corridor, Phelps Street. With foot traffic only and the opportunity to take advantage of large crowds and gatherings, the two-story structure keeps you front and center. Formerly 'Gringos, a Mexican cantina and taco bar; the first-floor atmosphere is visually engaging, full of sleek updates and desirable features such as full-length bar, touch tunes jukebox, a full draft and craft drink expo area, fountain soft drinks and more! Two separate dining areas include colorfully appointed restrooms and great streetside views. A professionally equipped kitchen provides a large flattop, dual fry stations and industrial range. Multiple cold prep stations offset twin refrigerator units as the dishwashing apparatus completes the ensemble. At the basement level, an oversized walk-in cooler joins both an ice machine and c02 systems for the drinks. The second floor finds office space with a full bath, lounge area and impressive storage or potential apartment space. Bar comes with a D-5 liquor license. Call today for more information!

24 N Phelps Street | MLS# 5193609

This commercial property located at 24 N Phelps Street, Youngstown, OH 44503 is currently listed for sale with an asking price of $600,000. N Phelps Street is located within the Youngstown City school district. Search Youngstown real estate on 486royeravenuenw.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business
Heating: Forced Air
Lot Size: 0.03 Acres
Taxes: $2,303 / year
Year Built: 1910

Feature Descriptions

Parcel#: 53-002-A-124.00-0

Local Schools

School District: Youngstown City

Demographics

Mahoning County Demographic Information for 24 N Phelps Street, Youngstown, OH 44503
Fips
Fips Code 39099
Population
2020 to 2023 Change down 1.3%
2010 Count 238,823
2020 Count 228,614
2023 Estimate (V2023) 225,596
2020 Estimate (V2023) 228,612
Age Distribution (Years Old)
0 to 4 5.2%
5 to 17 20.1%
18 to 64 52.1%
65 and Older 22.6%
Gender
Male 49.1%
Female 50.9%
Place of Birth
Foreign 2.4%
US 97.6%
Education
High School Graduate, Age 25+ 91.4%
Bachelor's Degree or Higher, Age 25+ 26.2%
Computer and Internet use
Households with a computer 90.6%
Households with a broadband Internet subscription 85.6%
Language
English is Second Language, Age 5+ 6.0%
English is First Language, Age 5+ 94.0%
Veterans
Veterans 13,362
Income
Per Capita Income $32,591
Median Household Income $54,279
People in Poverty 19.2%
Commute
Average Work Commute Time 23 minutes
Housing
Total Housing Units 107,993
Households 97,655
Average Household Size 2.27
Owner-Occupied 69.8%
Multi-Family 18.1%
Owner-Occupied Median Value $132,000
Median selected monthly owner costs -with a mortgage $1,180
Median selected monthly owner costs -without a mortgage $468
Median gross rent $753
Building Permits
New Private Housing Issued 2023 127
Years at Residence
1 Year or More 89.1%
Less Than 1 Year 10.9%
Business and Employment
Private non-farm Establishments 5,268
Private non-farm Employment 82,638
Private non-farm Employment Growth down 0.4%
Nonemployer Establishments 17,130
Number of Firms 20,664
Business Production
Value of Shipments $2,140,605,000
Wholesale Trade $1,927,492,000
Retail Trade $3,772,503,000
Retail Sales Per Capita $13,202
Accommodation and Food Services $450,590,000
Land
Land Area 411.62 sq. miles
Population Per Square Mile 581

Source: US Census Bureau