3860 Elm RdWarren, OH 44483

Property Details for 3860 Elm Rd

Year built

1995

Lot size

0.90 AC

Property size (Sq ft)

1,980 SF

Property type

Retail properties

Property subtype

Gas stations

APN

28-903475

APU

28903475

Description

This exceptional 0.6-acre commercial land parcel presents a unique investment opportunity in Warren, Ohio. Strategically positioned at a traffic light intersection on Elm Rd NE, between a BP gas station and Perkins Restaurant, this property enjoys high visibility and accessibility. Its location directly across from a Menards and adjacent to a Perkins Restaurant ensures consistent high traffic flow, maximizing exposure for any commercial development. The property's proximity to the Route 82 on/off ramp further enhances its convenience and accessibility for customers and employees. The lot's size offers ample space for a variety of commercial ventures, making it an ideal site for businesses seeking a prominent location with strong foot and vehicle traffic. Situated in Trumbull County, Ohio, with the address 3860 Elm Rd NE, Warren, OH 44483, this property is ready for development and represents a compelling investment opportunity in a thriving commercial area. The asking price is $475,000.

• CAP approach

  CAP return

  Valuation

  6%

  $553,530

  6.5%

  $510,950

  7%

  $474,454

• Comparable approach

  Method

  Valuation

  Relative Method

  $466,727

  Geo Method

  $466,727

• Alternative Use

  Use

  Valuation

  Residential

  $431,006

  Hospitality

  $394,799

  Educational

  $328,468

  Medical

  $339,765

  Retail

  $510,950

Location Insight

City

Warren

County

Trumbull

State

Ohio

Latitude

41.2718

Longitude

-80.7792

CBSA code

49660

CBSA name

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

Property Tax & Assessments

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