325 Broad StNewton Falls, OH 44444

Property Details for 325 Broad St

Year built

1996

Lot size

0.99 AC

Property size (Sq ft)

11,201 SF

Property type

Retail properties

Property subtype

Drug stores

APN

53-264968

APU

53264968

Description

This exceptional 11,325-square-foot retail building, situated on a one-acre lot in Newton Falls, Ohio, presents a unique investment opportunity. Formerly a high-performing pharmacy generating nearly $10 million in annual sales, this property boasts a prime location at a traffic-lighted intersection, ensuring maximum visibility and accessibility. Built in 1996, the well-maintained masonry structure features an open floor plan and a convenient drive-thru. Recent exterior facade improvements enhance its curb appeal. The ample parking on the large lot caters to high customer traffic. The building's strategic location and substantial size make it ideal for a variety of retail uses. Given current construction costs, replicating this type of building would be exceptionally expensive. This property offers a rare chance to acquire a well-established, high-traffic retail space in a desirable location. The address is 325 W Broad St, Newton Falls, OH 44444. The property is currently vacant and available for sale by owner.

• CAP approach

  CAP return

  Valuation

  6%

  $3,131,356

  6.5%

  $2,890,482

  7%

  $2,684,019

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,640,309

  Geo Method

  $2,640,309

• Alternative Use

  Use

  Valuation

  Residential

  $2,438,230

  Hospitality

  $2,233,406

  Educational

  $1,858,167

  Medical

  $1,922,072

  Retail

  $2,890,482

Location Insight

City

Newton Falls

County

Trumbull

State

Ohio

Latitude

41.1886

Longitude

-80.9805

CBSA code

49660

CBSA name

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

Property Tax & Assessments

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