106 Market StWarren, OH 44481

Property Details for 106 Market St

Year built

1920

Lot size

0.12 AC

Property size (Sq ft)

54,378 SF

Property type

Banks

APN

39-536150

APU

39536150

Description

This 59,000 square foot, multi-tenant office building in Warren, Ohio, presents a compelling redevelopment opportunity. Currently operating at 50% occupancy with a gross lease structure, the property is listed at $1,200,000 ($20.34/SF). Classified as a Class C building, it offers significant potential for adaptive reuse. The property's diverse zoning permits commercial use, and its location within a historic district adds unique character. Original brass and marble detailing enhances the building's historical value. The building's prime location near the renovated Robins Theatre, Trumbull County Courthouses, and Warren Municipal Court provides excellent visibility and accessibility. The first floor is particularly well-suited for retail or banquet hall use, while upper floors could be converted into modern office spaces, apartments, or condominiums. This presents an ideal owner-user opportunity or a lucrative venture for developers seeking a high-return project. The property's APN numbers are 39-536150; 39-536100; 39-481200; 39-536090. The address is 106 E Market St, Warren, OH 44481. This is a truly unique opportunity to acquire a substantial property in a revitalizing downtown area. The building's former use as a bank headquarters speaks to its structural integrity and potential for a variety of uses. This is a must-see property to fully appreciate its potential.

• CAP approach

  CAP return

  Valuation

  6%

  $15,201,934

  6.5%

  $14,032,555

  7%

  $13,030,229

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,818,026

  Geo Method

  $12,818,026

• Alternative Use

  Use

  Valuation

  Residential

  $11,836,985

  Hospitality

  $10,842,615

  Educational

  $9,020,928

  Medical

  $9,331,172

  Retail

  $14,032,555

Location Insight

City

Warren

County

Trumbull

State

Ohio

Latitude

41.2358

Longitude

-80.8177

CBSA code

49660

CBSA name

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

Property Tax & Assessments

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