Prime Ground Lease Opportunity: 5340 Youngstown Warren Road, Niles, Ohio
Discover a premier development site available for ground lease on a strategically positioned ±0.72-acre (31,363 Square Feet) parcel in Niles, Ohio. The current structure is undergoing demolition at the owner’s cost, delivering a clean slate ready for your vision. This offering features a competitive ground lease structure with an annual rent of $95,000, an initial 10-year term, and flexible renewal options to support long-term business growth.
Ideally situated directly opposite the renowned Eastwood Mall—an expansive super-regional shopping destination spanning over 3 million square feet of retail, dining, entertainment, and attractions, including a professional baseball stadium—this property benefits from unparalleled visibility and foot traffic in one of Northeast Ohio’s top commercial hubs. Boasting approximately 107 feet of prime frontage along Youngstown Warren Road, a key arterial thoroughfare with an average daily vehicle count of ±13,874, the site ensures maximum exposure. The Property offers excellent accessibility, it also enjoys proximity to Niles Cortland Road SE, which carries an additional ±18,368 vehicles per day, facilitating effortless connectivity to the broader region. This makes it an exceptional choice for quick-service restaurants (QSRs), retail concepts, or other high-traffic commercial ventures.
Surrounded by a robust lineup of national anchors such as Target, Meijer, Sam’s Club, Best Buy, Chick-fil-A, Starbucks, and Olive Garden, the location fosters strong synergistic tenancy and draws consistent consumer volumes. Zoned B-1 Highway Commercial, the property accommodates a diverse array of permitted uses, including QSRs, convenience stores, automotive retail, hospitality (e.g., hotels), medical facilities, and more. With adaptable site configurations and ample on-site parking, it caters seamlessly to tenants, developers, or investors seeking to capitalize on retail, service-oriented, or redevelopment opportunities.
Nestled in the Youngstown–Warren Metropolitan Statistical Area, approximately 60 miles southeast of Cleveland, Niles serves as a vibrant regional retail epicenter, home to Eastwood Mall and the headquarters of the Cafaro Company. The trade area within a 5-mile radius supports a population of ±84,493 residents with an average household income surpassing ±$69,000, creating a solid foundation for sustained business success and profitability. This ground lease presents a turnkey platform for establishing or expanding your operations in a thriving market—contact us today to explore this exceptional opportunity.
