106 Market StWarren, OH 44481

  • Retail properties
  • 54,378 SF
For Sale
$1,200,000 View listing

Property Details for 106 Market St

Year built
1920
Lot size
0.12 AC
Property size (Sq ft)
54,378 SF
Property type
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
106 Market St, Warren, Ohio

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,693
$10,990
$169,510
$180,500
-
$31,400
$484,300
$515,700

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].