2485 Parkman RdWarren, OH 44485

Property Details for 2485 Parkman Rd

Year built

1980

Lot size

6.68 AC

Property size (Sq ft)

93,734 SF

Property type

Outlet malls

APN

39-568862

APU

39568862

Description

This exceptional 0.85-acre outlot in Warren, Ohio, presents a prime retail investment opportunity. Located at 2485 Parkman Rd NW, 44485, this property offers flexible space ranging from 710 to 12,636 square feet, ideal for a variety of retail uses. The site benefits from high visibility and accessibility on State Route 422, with prominent placement on a large pylon sign. The property is situated within the thriving Trumbull Plaza shopping center, anchored by established businesses including Dollar Tree, Sparkle Market, Metro by T-Mobile, and Little Caesar's Pizza. A new Rural King is also planned for the center, further enhancing the area's retail draw. The current landlord is committed to revitalizing the entire shopping center with planned exterior improvements, ensuring a modern and attractive environment for tenants and customers. This is a rare chance to secure a well-located retail space in a growing commercial area with significant potential for success. The property's size and location make it suitable for a variety of retail concepts, offering a unique opportunity for businesses seeking high visibility and strong foot traffic. The flexible square footage allows for customization to meet specific business needs. Don't miss this chance to establish your business in a vibrant and expanding retail hub.

• CAP approach

  CAP return

  Valuation

  6%

  $26,204,312

  6.5%

  $24,188,596

  7%

  $22,460,840

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,095,054

  Geo Method

  $22,095,054

• Alternative Use

  Use

  Valuation

  Residential

  $20,403,986

  Hospitality

  $18,689,942

  Educational

  $15,549,812

  Medical

  $16,084,594

  Retail

  $24,188,596

Location Insight

City

Warren

County

Trumbull

State

Ohio

Latitude

41.2502

Longitude

-80.8566

CBSA code

49660

CBSA name

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

Property Tax & Assessments

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