For Sale
$1,150,000

60 Boardman-Canfield RdYoungstown, OH 44512

9,041 SF Shopping Center, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional retail investment opportunity presents a 9,041 square foot shopping center located at 50 & 60 Boardman-Canfield Road in Youngstown, Ohio, 44512. The property boasts a prime location on high-traffic State Route 224, just west of Market Street/Route 7. The center comprises two parcels totaling approximately 0.76 acres (140' x 230'). Building sizes are 4,331 square feet (built 1973) and 4,716 square feet (built 1950). Currently 100% occupied, the property generates a substantial annual income of $83,400 from a diverse tenant mix including All American Comics, Show Cutz Pet Grooming, TKD Martial Arts, and a beauty salon. Leases vary, with some month-to-month and others extending to November 30, 2024. The property includes ample parking with 50 spaces located in the rear. Annual real estate taxes are $11,916.60, insurance is $1,800, and CAM is approximately $4,000. This property presents a strong cash flow and significant redevelopment potential, making it an attractive investment opportunity. The asking price is $1,150,000.

Highlights

  • 50 & 60 Boardman Canfield Road, Canfield, OH
  • Asking Price: $1,150,000
  • 50 Boardman Canfield Road: 4,331 SF building, built 1973, Parcel # 29-066-0-087.00-0, annual taxes $6,127.88. Tenants: All American Comics ($2,030/month, month-to-month) and Show Cutz Pet Grooming ($1,170/month, month-to-month).
  • 60 Boardman Canfield Road: 4,716 SF building, built 1950, Parcel # 29-066-0-049.00-0, annual taxes $5,788.72. Tenants: TKD Martial Arts ($2,350/month, month-to-month) and a beauty salon ($1,400/month, lease expires 11/30/24).
  • Total monthly rent: $6,950 ($83,400 annually).
  • Combined lot size: Approx. 0.76 acres (approx. 140' x 230').

Property Details for 60 Boardman-Canfield Rd

Property type
Lifestyle centers, Power centers
Square Feet
9,041 SF

Location Insight

City
Youngstown
County
Mahoning
State
Ohio
Latitude
41.0246641
Longitude
-80.664814
60 Boardman-Canfield Rd, Youngstown, Ohio

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60 Boardman-Canfield Rd
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