Niles Land for Lease
In the world of commercial real estate, it's all about Location, Location, Prime Location. Experienced Site Selectors look for sites with High Traffic Counts, Frontage on Primary Roads, Excellent Access, Existing Surrounding National Retailers & Great Demographics. This location has every single one of these necessary attributes.
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.
