8345 Market StWarren, OH 44484

  • Healthcare properties
  • 5,110 SF
For Sale
$1,400,000 View listing

Property Details for 8345 Market St

Year built
1974
Lot size
1.07 AC
Property size (Sq ft)
5,110 SF
Property type
Healthcare properties
Property subtype
Medical offices
APN
28-531001
APU
28531001

Description

This exceptional 1-acre commercial land parcel presents a remarkable redevelopment opportunity. Strategically located at the highly visible traffic light intersection of East Market Street and SR 46 (Niles Cortland Road) in Warren, Ohio, this property boasts unparalleled visibility and accessibility. Its prime location places it directly across from a BP gas station and Get Go convenience store, and in close proximity to a Giant Eagle supermarket and Arby's restaurant, ensuring high traffic flow and substantial consumer presence. The property's zoning is CRD2, offering flexibility for a variety of commercial developments. Furthermore, its convenient proximity to Route 82 and the Eastwood Mall Complex provides easy access to a large consumer base and regional transportation networks. This is an exceptional opportunity for developers seeking a high-impact location with significant potential for return on investment. The asking price is $1,400,000. The property's address is 8345 E Market St, Warren, OH 44484.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $971,805
    6.5%
    $897,051
    7%
    $832,976
  • Comparable approach

    Method
    Valuation
    Relative Method
    $477,989
    Geo Method
    $477,989
  • Alternative Use

    Use
    Valuation
    Residential
    $1,112,343
    Hospitality
    $1,018,900
    Educational
    $847,713
    Medical
    $876,867
    Retail
    $1,318,665
8345 Market St, Warren, Ohio

Location Insight

City
Warren
County
Trumbull
State
Ohio
Latitude
41.2387
Longitude
-80.741
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
$16,015
$107,030
$135,980
$243,010
-
$305,800
$388,500
$694,300

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