Golden Dawn sells to Naples family for $137,500 in online auctio - WFMJ.com News weather sports for Youngstown-Warren Ohio

Golden Dawn sells to Naples family for $137,500 in online auction

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YOUNGSTOWN, Ohio -

An iconic Youngstown restaurant is going, going, gone. But it is staying in the family.

The Golden Dawn restaurant went up for online auction Thursday, with the final high bid coming in just two minutes before bidding closed. A winning bid of $125,000. 

Once the ten percent premium is added in, the total cost of the restaurant comes in at $137,500. 

Trumbull County Probate Court handing the estate of the late Ralph Naples Sr. approved the auction last month. Naples, the owner of the restaurant, passed away in 2016.

The 85-year-old restaurant closed in May 2017 while members of the Naples family pondered its future.

But now, the Naples family has reason to ponder no more. Johnny Naples, the son of Ralph Naples, tells 21 News that he entered the winning bid for the Golden Dawn property. 

"Everywhere I went people were asking me what are you going to do with the restaurant? (Are you) going to open it back up? Are you going to get it?   I said I've been fighting for it for two and a half years, finally came to this day," said Naples.

The auction included the restaurant at 1245 Logan Ave. Youngstown; the walk-up apartment, furniture, fixtures, inventory, and liquor permit.

The restaurant seats 76 people and the bar seats 19.

The apartment has three bedrooms, two full baths, a kitchen, and a living room.

With a combined appraised value $48,570 and $14,531 worth of contents, the opening bid was $50,481.

Naples also managed to snag a parcel of land that sits directly behind the Golden Dawn. 

The property, which currently has three homes, started at a bid of $7,480, with a closing bid of $13,480. 

Naples says they plan to renovate and fix up the restaurant, hopefully, to reopen within the next four to six months.

"Everything is going to be kept the same. The food, the nostalgia, the atmosphere, the white shirts, the white ties, the respect, it's going to be just like it closed yesterday and we are opening back up," said Naples.

Jeff Byce, of Byce Auctions, says now an attorney for the Probate Court, and the new owner must sign the contract before the deal is sealed.  

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