2010 Milton BlvdNewton Falls, OH 44444

Property Details for 2010 Milton Blvd

Year built

1992

Lot size

1.36 AC

Property size (Sq ft)

2,040 SF

Property type

Retail properties

Property subtype

Auto shops

APN

53-247204

APU

53247204

Description

This exceptional investment opportunity presents a fully occupied, multi-tenant shopping center ideally situated at 2010 Milton Blvd in Newton Falls, Ohio. The property boasts a total of 17,355 square feet across two single-story buildings, constructed in 1992, and situated on a 1.3-acre lot. Currently operating at 100% occupancy, this retail center offers a strong, stable income stream. Key tenants include Dollar General, and the sale also includes a rear Zip Lube building. The property benefits from excellent visibility and signage on Milton Blvd, ensuring high traffic and brand recognition. Recent improvements include a new roof installed in 2020, demonstrating a commitment to property maintenance and longevity. The property is zoned for commercial use and presents a compelling opportunity for investors seeking a stable, high-return investment in a thriving Ohio market. The asking price is $895,000, translating to $51.57 per square foot. This modified lease structure provides a flexible and potentially lucrative investment opportunity. Don't miss this chance to acquire a well-maintained, high-performing shopping center in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $570,303

  6.5%

  $526,434

  7%

  $488,831

• Comparable approach

  Method

  Valuation

  Relative Method

  $480,870

  Geo Method

  $480,870

• Alternative Use

  Use

  Valuation

  Residential

  $444,067

  Hospitality

  $406,763

  Educational

  $338,422

  Medical

  $350,060

  Retail

  $526,434

Location Insight

City

Newton Falls

County

Trumbull

State

Ohio

Latitude

41.1762

Longitude

-80.9662

CBSA code

49660

CBSA name

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

Property Tax & Assessments

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