8345 Market StWarren, OH 44484
- Healthcare properties
- 5,110 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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