8345 Market StWarren, OH 44484

Property Details for 8345 Market St

Year built

1974

Lot size

1.07 AC

Property size (Sq ft)

5,110 SF

Property type

Medical offices

Property subtype

Medical centers

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.

• 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

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

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