603 State StGirard, OH 44420
- Healthcare properties
- 2,702 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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