10708 Market StNorth Lima, OH 44452

Property Details for 10708 Market St

Year built

2003

Lot size

2.69 AC

Property size (Sq ft)

10,600 SF

Property type

Retail properties

Property subtype

Bars

APN

05-061-0-019.00-0

APU

50610019000

Description

Exceptional redevelopment opportunity in North Lima, Ohio! This 10,600 square foot vacant flex space, situated on a 2.7-acre lot, presents significant potential. The building, constructed in 2003, is located at 10708 Market St, 44452, boasting a prime location at the intersection of the Ohio Turnpike (I-76) and State Route 7. The interior has been recently demolished, providing a clean slate for your vision. The property is zoned GC and offers versatile usage possibilities, including warehouse, flex space, and retail. Considerable upside exists due to the planned opening of a Loves Travel Stops and County Store directly across the street in 2024, and the proposed redevelopment of a former truck stop to the south. The substantial lot size also allows for potential industrial outdoor storage (IOS) opportunities, either through land lease or building lease. The asking price is $1,500,000, translating to $141.51 per square foot. This NNN lease property is ready for immediate development. Don't miss this chance to capitalize on this high-traffic location and create a thriving business.

• CAP approach

  CAP return

  Valuation

  6%

  $2,963,340

  6.5%

  $2,735,391

  7%

  $2,540,006

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,498,640

  Geo Method

  $2,498,640

• Alternative Use

  Use

  Valuation

  Residential

  $2,307,404

  Hospitality

  $2,113,570

  Educational

  $1,758,466

  Medical

  $1,818,942

  Retail

  $2,735,391

Location Insight

City

North Lima

County

Mahoning

State

Ohio

Latitude

40.9627

Longitude

-80.6611

CBSA code

49660

CBSA name

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

Property Tax & Assessments

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