106 Market StWarren, OH 44481
- Retail properties
- 54,378 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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