2400 Niles Cortland RdWarren, OH 44484

  • Healthcare properties
  • 0.61 AC
For Sale
$1,300,000 View listing

Property Details for 2400 Niles Cortland Rd

Lot size
0.61 AC
Property type
Healthcare properties
Property subtype
Medical offices
APN
28-018319
APU
28018319

Description

This exceptional 1.2-acre commercial land parcel presents a remarkable redevelopment opportunity in Warren, Ohio. Strategically located at 2400 Niles Cortland Rd SE, 44484, on the highly visible SR 46 (Niles Cortland Rd) and Mines Rd intersection, this property boasts unparalleled access and visibility. Its prime location places it directly adjacent to a concentration of major retail establishments, including Bass Pro Shops, Meijer, and the expansive 1,600,000 square foot Eastwood Mall Complex. Other nearby businesses include Best Buy, Texas Roadhouse, Chick-fil-A, Aldi, Dillards, Five Guys, Chipotle, and Starbucks, ensuring high traffic counts and significant consumer footfall. The property is zoned for commercial use, providing flexibility for a wide range of development projects. The asking price for this exceptional opportunity is $1,300,000. This is a rare chance to acquire a substantial land parcel in a thriving retail corridor with exceptional potential for significant return on investment. Don't miss this chance to secure a piece of Warren's vibrant commercial landscape.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $5,053,386
    6.5%
    $4,664,664
    7%
    $4,331,474
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,485,545
    Geo Method
    $2,485,545
  • Alternative Use

    Use
    Valuation
    Residential
    $5,784,184
    Hospitality
    $5,298,282
    Educational
    $4,408,108
    Medical
    $4,559,710
    Retail
    $6,857,057
2400 Niles Cortland Rd, Warren, Ohio

Location Insight

City
Warren
County
Trumbull
State
Ohio
Latitude
41.21
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
$2,987
$43,930
$1,400
$45,330
-
$125,500
$4,000
$129,500

FAQs

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