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20-24 N Phelps St
Youngstown, OH 44503
Retail Property For Sale


Investment Highlights
- Turn-key restaurant space in Youngstown’s Phelps Street corridor with high foot traffic, two floors, & near-instant business reinstatement potential.
- Former cantina features full bar, equipped kitchen, walk-in cooler, and D-5 liquor license, plus second-floor office or apartment potential.
Executive Summary
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!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
5,960 SF
Building Class
C
Year Built
1921
Price
$600,000
Price Per SF
$100.67
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.00
Lot Size
0.14 AC
Opportunity Zone
Yes
Property Taxes
| Parcel Numbers | Improvements Assessment | $56,740 | |
| Land Assessment | $6,420 | Total Assessment | $63,160 |
Property Taxes
Parcel Numbers
Land Assessment
$6,420
Improvements Assessment
$56,740
Total Assessment
$63,160
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