603 State StGirard, OH 44420

Property Details for 603 State St

Year built

1978

Lot size

0.23 AC

Property size (Sq ft)

2,702 SF

Property type

Medical offices

Property subtype

Medical centers

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.

• 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

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

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