1024 Market StWarren, OH 44483

Property Details for 1024 Market St

Year built

1946

Lot size

0.28 AC

Property size (Sq ft)

2,880 SF

Property type

Retail properties

Property subtype

Retail space

APN

38-192700

APU

38192700

Description

This exceptional investment opportunity presents a 2,880 square foot commercial building situated on a 0.28-acre lot at 1024 E Market Street in Warren, Ohio. The property is currently generating income via a long-term lease with an established dry cleaning business that has occupied the premises for many years, providing immediate return on investment. The building itself is well-maintained and ready for continued operation under the existing lease or potential redevelopment based on future market demands. The 0.28-acre lot offers ample space for potential expansion or additional development opportunities. The asking price of $120,000 represents a compelling entry point into the Warren commercial real estate market. This property is ideal for investors seeking a stable, income-producing asset with significant long-term potential. The strong tenant history and established location contribute to a low-risk investment profile. Detailed financial information and lease terms are available upon request. This is a rare opportunity to acquire a well-located, income-generating commercial property in a thriving market. Don't miss out on this chance to add a valuable asset to your portfolio. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $805,134

  6.5%

  $743,200

  7%

  $690,115

• Comparable approach

  Method

  Valuation

  Relative Method

  $678,876

  Geo Method

  $678,876

• Alternative Use

  Use

  Valuation

  Residential

  $626,917

  Hospitality

  $574,253

  Educational

  $477,772

  Medical

  $494,203

  Retail

  $743,200

Location Insight

City

Warren

County

Trumbull

State

Ohio

Latitude

41.236

Longitude

-80.8049

CBSA code

49660

CBSA name

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

Property Tax & Assessments

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