1952 Elm RdWarren, OH 44483

Property Details for 1952 Elm Rd

Year built

1986

Construction

CONCRETE

Lot size

0.21 AC

Property size (Sq ft)

5,263 SF

Property type

Retail properties

Property subtype

Strip malls

APN

44-021500

APU

44021500

Description

This exceptional retail opportunity presents a 1,200-square-foot end cap space located at 1952 Elm Rd NE in Warren, Ohio, within a thriving commercial center. The property, part of the Palm Plaza complex, offers excellent visibility and accessibility. Built in 1986, this single-story building totals 5,263 square feet and sits on a 0.21-acre lot. The available space features expansive storefront windows, maximizing natural light and providing ample signage potential. The property's convenient location in Trumbull County, Ohio, ensures high foot traffic and easy access for customers. With 1,200 square feet of vacant space, this is an ideal location for a variety of retail businesses. The property includes approximately 3.93 parking spaces per 1,000 square feet of building area, ensuring ample parking for customers and employees. This single-tenant space is ready for immediate occupancy and presents a unique chance to establish or expand a retail presence in a desirable Warren location. The zip code is 44483. This is a fantastic opportunity for a business seeking high visibility and a strong customer base. The property's single-story design and convenient parking make it an attractive option for a wide range of retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,471,326

  6.5%

  $1,358,147

  7%

  $1,261,137

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,240,599

  Geo Method

  $1,240,599

• Alternative Use

  Use

  Valuation

  Residential

  $1,145,648

  Hospitality

  $1,049,408

  Educational

  $873,095

  Medical

  $903,122

  Retail

  $1,358,147

Location Insight

City

Warren

County

Trumbull

State

Ohio

Latitude

41.2524

Longitude

-80.7942

CBSA code

49660

CBSA name

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

Property Tax & Assessments

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