603 State StGirard, OH 44420

  • Healthcare properties
  • 2,702 SF
For Lease
$13.40/SF/YR View listing

Property Details for 603 State St

Year built
1978
Lot size
0.23 AC
Property size (Sq ft)
2,702 SF
Property type
Healthcare properties
Property subtype
Medical offices
APN
14-100604
APU
14100604

Description

This exceptional 2,702 square foot medical office building presents a unique investment opportunity in Trumbull County. Situated on a highly visible corner lot, this single-tenant property boasts a dedicated parking lot, ensuring convenient access for patients and staff. The building itself is a turnkey operation, ready for immediate occupancy. The interior is designed to meet the needs of a medical practice, offering a professional and efficient workspace. A significant advantage is the inclusion of a spacious basement, providing ample storage space to accommodate the requirements of a busy medical office. The building's location just north of I-80 offers exceptional accessibility and visibility, attracting a wide range of potential patients. This property is ideal for established medical practices seeking to expand or for new practices looking for a move-in ready space. The combination of prime location, ample parking, and substantial storage makes this a truly exceptional offering in the competitive medical office market. The building's single-tenant occupancy provides stability and ease of management. This is a rare opportunity to acquire a well-maintained, functional medical office building in a desirable location with excellent visibility and convenient access. The property's turnkey nature minimizes upfront investment and allows for immediate revenue generation. Don't miss this chance to own a thriving medical office building in a high-traffic area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $513,859
    6.5%
    $474,331
    7%
    $440,450
  • Comparable approach

    Method
    Valuation
    Relative Method
    $252,745
    Geo Method
    $252,745
  • Alternative Use

    Use
    Valuation
    Residential
    $588,170
    Hospitality
    $538,761
    Educational
    $448,243
    Medical
    $463,659
    Retail
    $697,267
603 State St, Girard, Ohio

Location Insight

City
Girard
County
Trumbull
State
Ohio
Latitude
41.1604
Longitude
-80.7027
CBSA code
49660
CBSA name
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,749
$9,630
$57,120
$66,750
-
$27,500
$163,200
$190,700

FAQs

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