498 Niles Cortland RdWarren, OH 44484

Property Details for 498 Niles Cortland Rd

Year built

1950

Construction

WOOD FRAME

Lot size

0.64 AC

Property size (Sq ft)

716 SF

Property type

Investment properties

Property subtype

Live-work space

APN

28-074375

APU

28074375

Description

This exceptional 1.146-acre parcel of land is strategically located on State Route 46 (Niles Cortland Road) in Warren, Ohio, offering unparalleled visibility and accessibility. The property boasts a highly visible, clean site, ideal for a variety of commercial ventures. With an average daily traffic count of approximately 14,462 vehicles, this location ensures significant exposure for any business. The property's address is 498-514 Niles Cortland SE, Warren, OH 44484, and is identified by APN numbers 28-452209-575899 and 28-452210-575830. The asking price for this prime development opportunity is $129,900. This single-story land offering presents a unique chance to establish a thriving business in a high-traffic area. Note that an additional approximately 0.5 acres of adjacent land is also available for acquisition, presenting potential for expansion. This property is situated in Trumbull County, Ohio. The coordinates are 41.2340183 latitude and -80.7411995 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $157,375

  6.5%

  $145,270

  7%

  $134,893

• Comparable approach

  Method

  Valuation

  Relative Method

  $68,314.10

  Geo Method

  $68,314.10

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $292,622

  Retail / Commercial

  $147,673

  Hospitality / Lodging

  $104,136

  Office

  $142,451

  Institutional / Educational

  $150,351

  Residential Income

  $175,911

  Multifamily

  $221,384

  Automotive / Energy

  $128,872

  Parking / Income-Based Land

  $46,326.80

  Restaurant / Food Service

  $71,549.70

  Healthcare / Senior Housing

  $150,896

Location Insight

City

Warren

County

Trumbull

State

Ohio

Latitude

41.234

Longitude

-80.7412

CBSA code

49660

CBSA name

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

Property Tax & Assessments

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