2300 State StSalem, OH 44460

Property Details for 2300 State St

Year built

1956

Lot size

0.79 AC

Property size (Sq ft)

7,766 SF

Property type

Parking lots & garages

APN

51-00041-000

APU

5100041000

Description

Salem Plaza, located at 2300 E State Street in Salem, Ohio (zip code 44460), presents a unique opportunity for retail businesses seeking a prominent location in Mahoning County. This 10,000 square foot strip center offers a single, contiguous space for lease, perfect for a large-scale retailer or a business requiring significant square footage. The entire building is currently vacant, providing a blank canvas for a new tenant to customize the space to their exact specifications. The minimum leasable area is 9,000 square feet, ensuring ample room for operations and inventory. The property's prime location on East State Street offers high visibility and accessibility, making it an ideal spot to attract customers. With its substantial size and strategic location, Salem Plaza represents a compelling investment opportunity for businesses seeking to establish a strong presence in the Salem market. The property's latitude and longitude coordinates are 40.9013085 and -80.8285186 respectively. This is a rare chance to secure a significant retail space in a desirable Ohio location. The property is classified as a retail strip center with multiple tenancy potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,171,066

  6.5%

  $2,004,061

  7%

  $1,860,914

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,830,608

  Geo Method

  $1,830,608

• Alternative Use

  Use

  Valuation

  Residential

  $1,690,500

  Hospitality

  $1,548,489

  Educational

  $1,288,325

  Medical

  $1,332,632

  Retail

  $2,004,061

Location Insight

City

Salem

County

Columbiana

State

Ohio

Latitude

40.9014

Longitude

-80.8286

CBSA code

41400

CBSA name

SALEM, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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