103 Market StWarren, OH 44481

Property Details for 103 Market St

Year built

1920

Lot size

0.14 AC

Property size (Sq ft)

17,486 SF

Property type

Office properties

Property subtype

Office buildings

APN

39-436553

APU

39436553

Description

This exceptional three-story, 17,486 square foot office building is ideally situated in the heart of downtown Warren, Ohio, directly on Courthouse Square. The property, known as The Atrium, presents a compelling investment opportunity with a multi-tenant configuration, offering both stability and potential for growth. The building features a striking first-floor glass storefront, providing excellent visibility and accessibility for tenants. Priced at $950,000, this represents a compelling price per square foot of $54.33. The building's prime location offers convenient access to local amenities and services, making it an attractive option for a variety of businesses. With its established presence and strong potential, this property is poised for continued success. The address is 103 W Market St, Warren, OH 44481, within Trumbull County. This traditional office building offers a unique blend of historical charm and modern functionality, making it a truly exceptional investment opportunity in a thriving downtown area. The building consists of one structure with three stories, providing ample space for multiple tenants. This is a rare opportunity to acquire a well-established, multi-tenant office building in a desirable downtown location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,325,437

  6.5%

  $3,069,634

  7%

  $2,850,375

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,635,640

  Geo Method

  $1,635,640

• Alternative Use

  Use

  Valuation

  Residential

  $3,806,347

  Hospitality

  $3,486,593

  Educational

  $2,900,804

  Medical

  $3,000,568

  Retail

  $4,512,362

Location Insight

City

Warren

County

Trumbull

State

Ohio

Latitude

41.2358

Longitude

-80.8181

CBSA code

49660

CBSA name

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

Property Tax & Assessments

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