264 Liberty StHubbard, OH 44425

Property Details for 264 Liberty St

Year built

1975

Construction

WOOD FRAME

Lot size

0.27 AC

Property size (Sq ft)

1,691 SF

Property type

Retail space

APN

02-055949

APU

2055949

Description

This exceptional commercial property at 264 W Liberty Street, Hubbard, OH, presents a unique investment opportunity. Spanning 1,691 square feet on a 0.27-acre lot, this building offers adaptable space ideal for various business ventures or rental income generation. Currently configured for two spacious main-level units with basement access, the property's layout allows for potential expansion to up to four separate units, each with its own entrance, through remodeling. Recent renovations have refreshed the building's appearance while preserving its character. The upper level boasts a large open area with a vaulted ceiling, perfect for retail or office use, complemented by a storefront and a loft office area. An additional upper unit provides further space, suitable for a smaller office or retail operation. The full basement includes a bathroom, substantial storage space, and two convenient walk-out entries at the rear of the building. Ample parking is ensured with two parking lots, one at the front and one at the rear of the property. This prime Hubbard location offers excellent visibility and accessibility, making it an attractive proposition for business owners seeking to establish a presence or investors looking to build a strong rental portfolio. The property's potential for high rental income is significant, with estimates suggesting up to $2000 per month. Priced at $189,900, this is a compelling opportunity not to be missed.

• CAP approach

  CAP return

  Valuation

  6%

  $472,737

  6.5%

  $436,372

  7%

  $405,203

• Comparable approach

  Method

  Valuation

  Relative Method

  $398,604

  Geo Method

  $398,604

• Alternative Use

  Use

  Valuation

  Residential

  $368,096

  Hospitality

  $337,174

  Educational

  $280,525

  Medical

  $290,173

  Retail

  $436,372

Location Insight

City

Hubbard

County

Trumbull

State

Ohio

Latitude

41.1567

Longitude

-80.5741

CBSA code

49660

CBSA name

YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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