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1128 W Market Street, Warren, OH 44485

18 Photos
 
$500,000
Active for Sale
 
Listing ID 11238477
Property Type Commercial
County Trumbull
Township Other Township
Total Tax $3,594
Tax ID 39-390066
FEMA Flood Map fema.gov/portal
Year Built 1924
Virtual Tour
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.
Property Details
  • 0.95 Acres
  • Built in 1924
  • Lot Size Source: Assessor
Interior Features
  • Forced Air
  • Gas Fuel
Exterior Features
  • Subdivision: Al Westgards Map
Taxes and Fees
  • $3,594 Total Tax
  • Tax Year 2023
Listed By
Howard Hanna
Office: 330-807-8423
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