130-138-140-148 Penn AVE Active Save Request In-Person Tour Request Virtual Tour
Salem,OH 44460
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Kidds
MLS Listing ID 5089137
HOA Y/N No
Year Built 1890
Annual Tax Amount $4,282
Tax Year 2023
Lot Size 5,279 Sqft
Acres 0.1212
Property Sub-Type Retail
Property Description
Discover the potential of this centrally located mixed-use commercial property in the flourishing historic downtown district of Salem, Ohio. With a rich history of restaurant and retail use on the first floor and flexible space above, this building offers immediate upside for investors, business owners, or developers seeking space and visibility in a growing Northeast Ohio market.
Over 10,000 sq. ft. of opportunity in the heart of Salem's up and coming historic commercial district. The first floor (5,000+ sq. ft.) is fully prepped for restaurant use with kitchen hookups, tile flooring, ADA accessibility, multiple restrooms, and a performance stage.
The updated second floor (~5,000 sq. ft.) is open and flexible for office, retail, or studio use with 3 separate electric meters in place. Use it as one rental or multiple! Zoned commercial.
Surrounded by bustling restaurants, retail, and a hotel, this high-visibility property includes major updates:
• Steel roof (2014 & 2023)
• Twin HVAC units (2014)
• New 2nd-floor windows (2023)
• LED lighting throughout
• Upgraded backflow valve
• Hand-painted Charles Burchfield tribute mural (2017)
Located in Salem, OH, Columbiana County's largest city (pop. ~11,825), less than an hour from Youngstown, Canton, and Akron, and centrally located between Pittsburgh and Cleveland.
Location
State OH
County Columbiana
Interior
Heating Forced Air,Gas
Fireplace No
Exterior
Water Access Desc Public
Present Use Retail
Building
Sewer Public Sewer
Water Public
Schools
School District Salem Csd - 1508
Others
Tax ID 5100702000
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional