Applebees, Boardman

Applebee’s Restaurant Sells For $1.6M

BOARDMAN, Ohio – A California-based company has purchased the Applebee’s restaurant at 6691 South Ave. for $1.62 million, according to records filed with the Mahoning County Auditor’s office.

The restaurant was transferred to Tuscany Belvedere Partners LLC of Los Altos, Calif. from its previous owner, Delaware-based Pinegate Naples LLC, on May 4, records show.

Pinegate purchased the restaurant and parcel in December 2018 for $1.175 million. It had sold a year earlier to Swep LLC for $1.138 million.

The restaurant sits on an out parcel that fronts the Southland Crossings Shopping Center, which is home to major retailers such as Lowe’s and Walmart.

Published by The Business Journal, Youngstown, Ohio.