Commercial Real Estate for Sale at 795-796 5th Street in Youngstown, OH for $695,000

795-796 5th Street | Youngstown

Welcome to 795 5th street Struthers Ohio!\r\nCome see this magnificent property As soon as possible!\r\nThe fact that this property was formerly used as a Convent/Dormitory/Shared living space at different times shows how easily it can serve multiple purposes.\r\nFrom the Beautiful outdoor Private Courtyard sitting area to the Oversized Family sitting/study rooms, the shared spaces in the property are most similar to those in hotels.\r\n\r\nYou will need a tour and we will be happy to provide assistance.\r\n\r\nIn regards to living quarters there are essentially 3 floor plans that make up the 29 rooms.\r\nDouble rooms- 2 separate rooms with a shared full bath, each room is large enough for a twin sized bed plus dressers\r\nSingle rooms- Private bathroom, Large room could fit Dressers a Queen sized bed and reasonable furniture\r\nSuites- Private bathrooms, space for furniture, dressers, Microwave and Refrigerator\r\n\r\nAs you\u0027ll see from the floor plan photos uploaded the Property has a Large kitchen and Dining Hall on the first floor. In its previous uses this shared space has been used for the food preparation for all of the residents.\r\n\r\nWatch this listing for additional photos, virtual touring Broker and Public Open houses alike.\r\n\r\nThe property is vacant and has been since Covid when the previous property manager shut down their Dormitory business.\r\nWithout income/expense info we estimated the average rental price per bedroom would be $500-550 being that their are more double rooms then Singles or Suites\r\n\r\nWith 29 Bedrooms even using an 80% vacancy consideration a reasonable income would be $11,500 per month without making use of the many rooms on the first floor that could serve as ancillary business space, or charging residents for additional storage as provided in the basement.\r\n\r\nContact us today MLSNow 5144049

Directions to property: midlothian to 5th st