Niles Hospitality for Sale
Four-Parcel Assemblage Totaling 3.06 Acres · Across From Eastwood Mall · Seller Financing Available for Qualified Buyers!
Sale includes four contiguous parcels totaling 3.06 acres on Youngstown Warren Rd (US-422) directly across from the Eastwood Mall Complex — 3.4M SF of regional retail anchored by Macy's, Target, Boscov's, Dave & Buster's, and a Marriott Residence Inn, drawing 13M+ visitors annually. Zoned B-1 Highway Commercial, permitting motel, retail, QSR, automotive, office, banking, and 11 other uses by-right — no rezoning timeline or approval risk.
Currently operating as Cottage Inn (15-key independent motel) with nightly and weekly rate structures — generating bridge income on day one while a buyer designs, permits, or repositions. All units include refrigerators and microwaves. Property also includes a 22'×44' detached garage with electrical service — usable for additional rental income (vehicle/contractor storage) or owner use. In addition, there is a billboard included with the property that can be leased for additional income. Currently, the billboard brings in about $100 per month in revenue, but can be increased through a new contract with a new advertising company.
Pricing validated by recent corridor comps: a neighboring 0.72-acre parcel sold at a true-cost basis of ~$219K/ac (Oct 2025), and a directly adjacent 0.72-acre pad is currently marketed at $95K/yr ground lease. Subject site benefits from ingress/egress via both US-422 and Park Drive.
Ideal for land developers (multi-pad retail, hospitality flag, mixed-use) or hospitality operators (renovate/rebrand the existing motel). Offered at $799,000. Seller financing available for qualified buyers.