1560 Parkman RdWarren, OH 44485

Property Details for 1560 Parkman Rd

Year built

1999

Lot size

0.81 AC

Property size (Sq ft)

11,388 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

39-063912

APU

39063912

Description

This exceptional 11,267 square foot retail space, formerly occupied by Rite Aid, is available for lease in Warren, Ohio. Located at 1560 Parkman Rd NW, this single-tenant property boasts high visibility and excellent accessibility, situated on a sizable 1.53-acre lot. The building's substantial size offers ample opportunity for a variety of retail uses. The entire space is currently vacant, presenting a blank canvas for a new tenant to customize and develop. The property is situated in Trumbull County, Ohio, and benefits from its strategic location within the Warren community, offering convenient access to major roadways and a strong customer base. The address is 1560 Parkman Rd NW, Warren, OH 44485. This is a rare opportunity to secure a significant retail presence in a thriving market. The property's size and location make it ideal for a large-format retailer or a business requiring substantial space. The ample parking available on the 1.53-acre lot ensures convenient customer access. This property is ready for immediate occupancy, allowing for a swift and efficient transition for the new tenant. Interested parties are encouraged to inquire for further details and leasing information.

• CAP approach

  CAP return

  Valuation

  6%

  $3,183,634

  6.5%

  $2,938,739

  7%

  $2,728,829

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,684,388

  Geo Method

  $2,684,388

• Alternative Use

  Use

  Valuation

  Residential

  $2,478,936

  Hospitality

  $2,270,692

  Educational

  $1,889,189

  Medical

  $1,954,161

  Retail

  $2,938,739

Location Insight

City

Warren

County

Trumbull

State

Ohio

Latitude

41.2447

Longitude

-80.8425

CBSA code

49660

CBSA name

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

Property Tax & Assessments

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