Golden Dawn Restaurant to Be Auctioned March 7
YOUNGSTOWN, Ohio – The Golden Dawn, a landmark restaurant and bar on the city’s North Side that closed nearly two years ago, will be up for auction March 7, according to ByceAuction Ltd.
Attorney John Grundy, successor administrator, appointed the auction house to conduct the sale on behalf of the estate of Ralph Naples, which is now in Trumbull County Probate Court. Bids open at $50,481 plus a 10% buyer’s premium, according to ByceAuction.
The sale includes the establishment’s D1, D2 and D3 liquor license and all contents and equipment. The restaurant at 1245 Logan Ave. features seating for 76, bar seating for 19, a fully equipped kitchen, full basement, a separate apartment upstairs and a paved parking lot.
Two separate offerings will consist of about 11 rental properties and parcels, including three homes directly behind the restaurant.
Previews of the bar and restaurant will be held Feb. 23 and March 7 between noon and 1 p.m.
All bids are online only and interested parties may register through the auctioneer’s website, ByceOnline.com, to become an authorized bidder. Final bidding and closing will be March 7 at 4 p.m.
The Naples family established the restaurant in 1934 and was owned and operated by family members until it closed in April 2017. Brothers Ralph and Carmen Naples took over from their parents during the 1950s and operated the establishment until their deaths. Carmen died in 2015 and Ralph died in 2016.
The 85-year old restaurant was known for its support of Ursuline High School and Youngstown State University, as well as Genesee beer served in schooner glasses.
Copyright 2019 The Business Journal, Youngstown, Ohio.
Published by The Business Journal, Youngstown, Ohio.
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