3801 Elm RdWarren, OH 44483

Property Details for 3801 Elm Rd

Year built

1941

Lot size

7.48 AC

Property size (Sq ft)

3,644 SF

Property type

Office buildings

APN

28-900375

APU

28900375

Description

This exceptional commercial property, located at 3801 Elm Rd in Warren, Ohio, presents a unique investment opportunity. The 22,544-square-foot building, constructed in 1961, sits on a substantial 7.48-acre lot and is zoned for Commercial Utility use. The single-story structure offers a versatile layout, including office space and ample storage areas equipped with overhead doors. The property boasts significant parking capacity, catering to diverse operational needs. Its prime location within a high-traffic area ensures excellent visibility and accessibility. The property's large footprint and adaptable design make it suitable for a wide range of commercial uses, providing significant potential for future development and income generation. The property's APN is 28-900375. This is a rare opportunity to acquire a substantial commercial property in a desirable location. The asking price is $1,100,000.

• CAP approach

  CAP return

  Valuation

  6%

  $693,005

  6.5%

  $639,697

  7%

  $594,005

• Comparable approach

  Method

  Valuation

  Relative Method

  $340,860

  Geo Method

  $340,860

• Alternative Use

  Use

  Valuation

  Residential

  $793,225

  Hospitality

  $726,590

  Educational

  $604,514

  Medical

  $625,304

  Retail

  $940,355

Location Insight

City

Warren

County

Trumbull

State

Ohio

Latitude

41.2714

Longitude

-80.7818

CBSA code

49660

CBSA name

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

Property Tax & Assessments

FAQs

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