3581 Elm RdWarren, OH 44483

Property Details for 3581 Elm Rd

Year built

1987

Lot size

2.35 AC

Property size (Sq ft)

5,447 SF

Property type

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,217,050

  6.5%

  $1,123,430

  7%

  $1,043,190

• Comparable approach

  Method

  Valuation

  Relative Method

  $529,893

  Geo Method

  $529,893

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,226,140

  Mixed-Use / Specialty

  $1,105,140

  Hospitality / Lodging

  $792,217

  Office

  $1,083,710

  Institutional / Educational

  $1,143,800

  Residential Income

  $1,338,250

  Multifamily

  $1,684,190

  Automotive / Energy

  $980,401

  Parking / Income-Based Land

  $352,433

  Restaurant / Food Service

  $544,317

  Healthcare / Senior Housing

  $1,147,950

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

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