3581 Elm RdWarren, OH 44483

  • Retail properties
  • 5,447 SF
For Lease

Property Details for 3581 Elm Rd

Year built
1987
Lot size
2.35 AC
Property size (Sq ft)
5,447 SF
Property type
Retail properties
Property subtype
Turn key restaurants
APN
28-901164
APU
28901164

Description

This exceptional 2.35-acre redevelopment site presents a unique investment opportunity in a thriving Warren, Ohio location. Situated on Elm Road Northeast, this single-tenant property boasts a high-traffic count exceeding 21,000 vehicles daily. The site is ideally positioned along a major retail corridor with convenient access to Ohio State Route 82, ensuring excellent visibility and accessibility for potential businesses. The property's zoning allows for retail, restaurant, or land development uses, offering considerable flexibility for future development. Warren, the county seat of Trumbull County, Ohio, has a population of approximately 39,000 residents, providing a substantial customer base. The area is anchored by a strong concentration of nationally recognized retailers, including Walmart, ALDI, Menards, Tractor Supply, Chipotle Mexican Grill, Wendy's, Panera Bread, and Dunkin', creating a vibrant and attractive retail environment. This property offers significant potential for developers seeking a high-visibility location with established infrastructure and a proven track record of retail success. The site's size and location make it an ideal candidate for a variety of commercial developments, catering to the needs of the local community and the surrounding area. This is a rare opportunity to acquire a prime piece of commercial real estate in a rapidly growing market. The property is classified as retail, land, and restaurant use, and is a freestanding, single-tenant site. The address is 3581 Elm Rd NE, Warren, OH 44483.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,522,765
    6.5%
    $1,405,630
    7%
    $1,305,228
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,283,971
    Geo Method
    $1,283,971
  • Alternative Use

    Use
    Valuation
    Residential
    $1,185,701
    Hospitality
    $1,086,096
    Educational
    $903,619
    Medical
    $934,696
    Retail
    $1,405,630
3581 Elm Rd, Warren, Ohio

Location Insight

City
Warren
County
Trumbull
State
Ohio
Latitude
41.2676
Longitude
-80.7832
CBSA code
49660
CBSA name
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,590
$145,430
$45,610
$191,040
-
$415,500
$130,300
$545,800

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