Cafaro Co. to Auction Former HQ in Mid-July
YOUNGSTOWN, Ohio – The former headquarters of the Cafaro Co. will go up for auction in mid-July, the company announced Thursday.
The Cafaro Co. moved into its newly constructed, three-story headquarters building adjacent to the Eastwood Mall in Niles this week. The former headquarters, at 2445 Belmont Ave., has been available for sale or lease for the past several months.
An exact date for the sale has not been set, according to the news release. The auction will be administered by Auction.com, in conjunction with Edward J. Lewis Co., the Youngstown real estate firm that is handling the property.
The property includes the 44,019-square-foot building, 3.59 acres of land and all remaining furniture and contents. The building was constructed in 1965 and expanded in 1980
The property has been valued at $2.6 million, with a $1.5 million reserve.
Copyright 2022 The Business Journal, Youngstown, Ohio.