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 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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