37
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$550,000
Est. payment /mo
5,279 Sqft Lot
Active
130-138-140-148 Penn AVE Salem, OH 44460
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UPDATED:
01/07/2025 03:43 PM
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 Description
Amazing Historic Downtown Salem Opportunity! Step into history with this beautifully renovated circa 1890 building in the heart of Salem, Ohio. This property offers almost 10,000 sq ft, over 5,000 sq ft of ground-level space, presenting unparalleled potential for a wide variety of uses. With multiple entrances, you can utilize it as one expansive area or divide it into 6 distinct spaces. First-Floor Features: Open Space, A 33' bar fully equipped with hook-ups for coolers, machines, sinks, and more. A performance stage ideal for live entertainment. A blank canvas for a kitchen, including a walk-in cooler space. ADA accessible, w/large storefront windows and ample public parking. Previously home to businesses like a Pet Store and Spanky's Winery, the property even carries local lore of having served as an old courthuse. Second-Floor Potential: Nearly 5,000 sq ft w/private entrance. A space once used for painting carriages and automobiles, they used a historical ramp for vehicle access which is now a staircase. Rumors of roller skating, a dentist's office, engineering firms, and other small businesses and perfect for offices, retail, storage, or conversion into residential apartments for additional income today. Recent Updates: Steel roof (installed in 2014, and 2023). Twin furnace and AC units (2014). Hand-painted Charles Burchfield tribute mural (2017). New windows in half of 2nd floor(2023). Upgraded backflow valve & LED lighting throughout. Salem, Ohio, is the largest city in Columbiana County, with a 2023 population estimate of 11,825. Centrally located in Northeast Ohio, Salem is less than an hour's drive from Youngstown, Canton, and Akron. Known for its rich history in manufacturing and thriving downtown scene, Salem is an ideal hub for investment opportunities. Don't miss the chance to own a piece of Salem's history with endless possibilities for commercial, retail, or mixed-use development! #SalemOhio #InvestmentOpportunity #PennStreetSalemOH
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
Listed by Cindy L Lautzenheiser • Howard Hanna • clautzenheiser@howardhanna.com 330-565-3712
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