421 Hall StWarren, OH 44483

Property Details for 421 Hall St

Year built

1935

Construction

CONCRETE

Lot size

0.08 AC

Property size (Sq ft)

607 SF

Property type

Retail properties

Property subtype

Retail space

APN

39-061900

APU

39061900

Description

This exceptional investment opportunity in Warren, Ohio, presents a unique blend of income-generating potential and versatile storage space. The property encompasses a 0.076-acre lot featuring a 607-square-foot warehouse building situated at 421 Hall Street NW, 44483. A significant advantage is the inclusion of a separate rental property located at 417 Hall Avenue. This residential unit boasts 1360 square feet, three bedrooms, and one and a half bathrooms, currently generating a monthly rental income of $850. The properties share a convenient driveway, enhancing accessibility and operational efficiency. The asking price for this combined offering is $75,000, presenting a compelling opportunity for investors seeking a diversified portfolio with immediate income and substantial storage capabilities. The warehouse provides ample space for storage or potential business operations, complementing the consistent rental income from the residential property. This package offers a rare chance to acquire a turnkey investment with both short-term and long-term growth potential in a desirable location. The property is zoned for commercial use and is conveniently located in Warren, Ohio. This is an ideal investment for those seeking a blend of income generation and practical storage solutions.

• CAP approach

  CAP return

  Valuation

  6%

  $169,693

  6.5%

  $156,640

  7%

  $145,451

• Comparable approach

  Method

  Valuation

  Relative Method

  $143,083

  Geo Method

  $143,083

• Alternative Use

  Use

  Valuation

  Residential

  $132,132

  Hospitality

  $121,032

  Educational

  $100,697

  Medical

  $104,160

  Retail

  $156,640

Location Insight

City

Warren

County

Trumbull

State

Ohio

Latitude

41.2493

Longitude

-80.8215

CBSA code

49660

CBSA name

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

Property Tax & Assessments

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