2789 State StSalem, OH 44460

Property Details for 2789 State St

Year built

2005

Lot size

0.91 AC

Property size (Sq ft)

9,042 SF

Property type

Retail properties

Property subtype

Strip malls

APN

51-08321-000

APU

5108321000

Description

This 1,056 square foot retail space is located in Unit #9 of the Quaker Square Shopping Plaza at 2789 E State St, Salem, OH 44460. The property is a Class B building constructed in 2007 and sits on 2.14 acres of land. The entire plaza encompasses 20,055 square feet, spread across two single-story buildings, offering ample parking with 20 total spaces. This single-tenant space is part of a thriving retail center, shadow-anchored by major retailers Walmart and Home Depot, ensuring high visibility and significant foot traffic. The plaza boasts a diverse mix of national, regional, and local businesses, creating a vibrant and successful commercial environment. The property's location in Salem, Ohio, offers access to a growing community and provides excellent opportunities for businesses seeking a strong retail presence. The property's APN is 5108321000. Cross street access is available via Cunningham Rd. A virtual tour is available online.

• CAP approach

  CAP return

  Valuation

  6%

  $2,527,785

  6.5%

  $2,333,340

  7%

  $2,166,673

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,131,388

  Geo Method

  $2,131,388

• Alternative Use

  Use

  Valuation

  Residential

  $1,968,260

  Hospitality

  $1,802,915

  Educational

  $1,500,004

  Medical

  $1,551,592

  Retail

  $2,333,340

Location Insight

City

Salem

County

Columbiana

State

Ohio

Latitude

40.8998

Longitude

-80.8204

CBSA code

41400

CBSA name

SALEM, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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