2975 S Canfield Niles Road
Youngstown, OH 44515

Property Description

Real Estate with Business Opportunity. Lou’s Beer & Wine Cellar, Since 1955. Well-Maintained Commercial Building On 1 Acre. 70-Year Family Beer & Wine Business, Grosses Over $1.1 Million Annually, Store Front, Walk-In Coolers, 2 Apartments, Paved Parking, and 4-Car Garage. Seller Financing Available. Liquor License. Owners Retiring, Also Selling Vacant Lot Across the Street. Austintown Twp., Mahoning County, OH. Located On Busy Route. 46 Just North of Canfield. Live Auction with Online Bidding Available. ABSOLUTE AUCTION, all sells to the highest bidders on location. ONLINE BIDDING BEGINS TUESDAY, JUNE 24, 2025, at 1:00 PM, and AUCTION LIVE ON-SITE BIDDING WILL BEGIN THURSDAY, JUNE 26, 2025, at 1:00 PM. Auction #1: Excellent turnkey business opportunity with a 70-year well-established beer & wine business that has a huge customer base. Proven sales the past 4 years of over $1.1 million per year and NET profits of $225k-$280k per year. The building sits on busy Route. 46 and contains approx. 3,752 sq. ft. of space plus a two-car garage, a main floor 2-bedroom apartment, and a lower level 3-bedroom apartment. The building has been well-maintained and is ready for a new owner. Currently specializing in beer & wine, but could be expanded to include tobacco, lottery, convenience items, etc. Gas furnaces, central A/C, C1-C2 Monday-Saturday liquor license, no Sunday permit for wine. Apartments have not been leased but are very clean, just need some cosmetic updates like carpeting, etc. Public water, commercial septic system. 2 walk-in coolers, reach-in door coolers, shelving, cash register, security system. Plus, nice 30’x50’ 4-car garage to rear and paved parking. Tremendous cash flow opportunity! Check it out! Auction #2: Vacant .35-acre lot across the street will sell separately after the building with business is sold. Austintown LSD. Note: Owner will assist new buyers for the first 30 days. The property will be open for viewing on auction day starting at 11:30 AM.