Vinny's of Newton Falls

Highlights:

• Turnkey Restaurant & Event Space:
• Beautifully renovated 14,984 SF facility with full kitchen, banquet hall, bar, offices, and recent upgrades (2024 bathrooms, paint, lighting)
• Prime 2.5-Acre Corner Lot:
• Excellent frontage, high visibility, and a large lighted parking lot on Ridge Rd — ideal for dine-in, catering, or redevelopment
• 373+ Multifamily Units Next Door:
• Directly bordered by high-density housing, creating built-in foot traffic and consistent demand for food & retail services
• Endless Flexibility:
• Convert banquet hall into leasable retail suites, operate as a restaurant/event center, or redevelop — three-phase power + large basement included
• Affordable Market, High Upside:
• Low acquisition and rental costs in a supply-constrained submarket — limited restaurant competition and strong household income ($68K+ avg)
• Growing Regional Investment:
• Near Youngstown’s $62M Innovation Hub; expanding employment in healthcare, manufacturing, and logistics

Description:

This versatile commercial property is a recently updated, turnkey restaurant and banquet hall facility situated on a highly visible 2.52-acre lot with extensive frontage on Ridge Road. Whether you're a restaurateur, investor, or developer, this asset offers incredible flexibility, valuable infrastructure, and strong redevelopment potential.


Renovations & Improvements (2024):

The current owner invested heavily into updates, including:

--Full bathroom remodels
--New exterior entry carpeting leading to the front entrance
--Fresh paint throughout all interior rooms (excluding kitchen)
--Upgraded lighting fixtures around the bar area
--Numerous aesthetic enhancements and decor improvements


Property Features:

--14,984 SF building with large open floorplans and multiple segmented areas
--Beautifully maintained full-service kitchen, exceptionally clean and spacious
--Two large walk-in coolers/freezers plus a full suite of commercial kitchen equipment
--Banquet hall and dining room furniture, subdividers, and fixtures included in sale
--Multiple small offices ideal for catering coordination, admin use, or tenant leasing
--Three-phase power, well-lit exterior, and modern infrastructure
--Full basement, clean and accessible for storage or prep expansion


Lot & Parking:

--Sits on a generous 2.52-acre parcel
--Large, paved, and lighted parking lot with substantial capacity
--Excellent site lines, visibility, and curb appeal from Ridge Rd


Redevelopment Potential:

-The flexible layout and large land footprint make this site ideal for:
-Converting the banquet wing into multiple small retail suites
-Adding drive-thru or QSR lanes for food/beverage tenants
-Medical, day care, veterinary, professional office, or co-working uses
-Future ground-up development or land subdivision


Turnkey + Vision-Ready:

--Whether you're opening a restaurant, event center, or food hall — or leasing to multiple tenants — this property offers both immediate usability and long-term upside.
--The land alone holds tremendous intrinsic value thanks to its size, zoning flexibility, and high-traffic location.




Why Newton Falls, Ohio is a Prime Retail / Restaurant Investment Location:


Newton Falls delivers an exceptional blend of affordability, built-in residential demand, and limited local competition — making it a prime destination to launch or expand a thriving restaurant concept or attract future-focused retail tenants."


Prime Location with Built-In Customers:

–Positioned on Ridge Road, a well-traveled corridor with 279 feet of street frontage
–Directly bordered by over 373 multifamily housing units, creating a dense, walkable customer base
–Excellent site for takeout, dine-in, or hybrid service models that cater to local renters and nearby homeowners


Demographics That Support Dining & Retail:

–15,000+ residents within a 10-minute drive, with many in dual-income households
–36% of local households earn over $75K/year, showing strong discretionary income
–High homeownership (71%) means neighborhood stability, while renters next door mean frequent, repeat business


Underserved Retail Corridor:

–Newton Falls has very limited restaurant and retail options within walking or driving distance
–Local residents often leave town to dine out — creating an immediate opening for new food concepts
–The retail vacancy rate in the surrounding Youngstown market is just 3.5%, and new construction is nearly nonexistent


Regional Investment Momentum:

–Trumbull County is home to the new $62M Youngstown Innovation Hub, driving growth in aerospace, manufacturing, and tech
–Employment is diversifying beyond legacy industries, with growth in healthcare, logistics, and education


Bottom Line:

–With hundreds of apartments next door, growing household income, and limited food options in town, this site is ready-made for restaurant success. Newton Falls is a low-risk, –high-upside investment market for retail and restaurant operators who want strong ROI and untapped demand.