$500,000
1128 W Market ST Warren, OH 44485
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$500,000
Est. payment /mo
0.95 Acres Lot
Active
1128 W Market ST Warren, OH 44485
UPDATED:
09/30/2024 05:36 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Al Westgards Map
MLS Listing ID 5024235
HOA Y/N No
Year Built 1924
Annual Tax Amount $3,594
Tax Year 2023
Lot Size 0.947 Acres
Acres 0.9469
Property Description
Established convenience store located in the heart of Warren. This successful business is a turn-key operation. It has been a staple in the community for decades. Prime location with excellent traffic flow & significant foot traffic. Ownership recently made many updates including new flooring, coolers, shelves, electrical updates, kitchen equipment and expansion of a designated section for vape products. Includes groceries, lottery, beer, wine tobacco/cigarettes, ATM, Bitcoin Machine, EBT, Bill Pay, Money Orders & very lucrative check cashing business. Successful hot food service business as well. Lease is $5000/month. Inventory not included in list price. Check cashing $450,000-$650,000 monthly or $5.4-$7.8 million yearly. If new owner is not interested in check cashing, a representative from a local company will operate that portion of the business, 6 days a week from open-close for a fee and owner would not be responsible for any returned checks. Lottery commission currently $60,000-$70,000 per year. ATM profit is $8000-$12,000 per year. Money order sales average $3-$4 million per year. Inside sales $70-$80K monthly and increasing steadily as business is under new management. Pull tabs average yearly income of $7000-$11,000. New tire air pressure machine recently added. Owner willing to provide transitional training. Serious buyers only with proof of funds available. Must sign Non-Disclosure Agreement (NDA) in order to review financials. Please do not disturb the employees. Direct all questions and inquiries to listing agent.
Location
State OH
County Trumbull
Interior
Heating Forced Air, Gas
Fireplace No
Schools
School District Warren Csd - 7820
Others
Tax ID 39-390066
Special Listing Condition Standard
Listed by Manar T Elkurd • Howard Hanna • manarelkurd@howardhanna.com 330-807-8423
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