8024 Market StWarren, OH 44484

Property Details for 8024 Market St

Year built

1950

Lot size

1.00 AC

Property size (Sq ft)

7,617 SF

Property type

Retail properties

Property subtype

Strip malls

APN

28-493751

APU

28493751

Description

This exceptional 7,617 square foot shopping center in Warren, Ohio presents a compelling investment opportunity. Located at 8024 E Market St, this fully leased, single-story building boasts 100% occupancy, generating a strong return. Built in 1950, the property sits on a one-acre corner lot in a prime location, zoned CRD-2. Its strategic position near Howland High School and Akron Children's Hospital ensures high visibility and consistent foot traffic. The property's multi-tenant configuration provides diversification and stability. With an asking price of $625,000, this translates to $82.05 per square foot, reflecting a solid value proposition in the current market. This is a rare chance to acquire a proven, income-producing asset in a thriving area of Trumbull County. The property's strong tenancy and desirable location make it an ideal addition to any investment portfolio. Don't miss this opportunity to secure a stable and profitable investment in a high-demand retail market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,129,412

  6.5%

  $1,965,610

  7%

  $1,825,210

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,795,485

  Geo Method

  $1,795,485

• Alternative Use

  Use

  Valuation

  Residential

  $1,658,066

  Hospitality

  $1,518,780

  Educational

  $1,263,607

  Medical

  $1,307,064

  Retail

  $1,965,610

Location Insight

City

Warren

County

Trumbull

State

Ohio

Latitude

41.2379

Longitude

-80.7477

CBSA code

49660

CBSA name

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

Property Tax & Assessments

FAQs

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