645 Smt StNiles, OH 44485

  • Industrial properties
  • 7,668 SF
For Sale
$275,000 View listing

Property Details for 645 Smt St

Year built
1940
Lot size
0.51 AC
Property size (Sq ft)
7,668 SF
Property type
Industrial properties
Property subtype
Manufacturing properties
APN
39-371000
APU
39371000

Description

This versatile 7,668 square foot commercial property, located at 645 Summit St NW in Warren, Ohio (zip code 44485), presents a unique investment opportunity. Situated on a spacious 1.8-acre lot, this mixed-use building offers a blend of office and retail space complemented by a rear warehouse featuring a convenient drive-in door. The property is currently vacant, allowing for immediate occupancy and customization to suit a variety of business needs. Its zoning designation permits manufacturing activities, expanding its potential uses. The strategic location offers excellent accessibility, being adjacent to the Mahoning River and just west of Mahoning Avenue. This prime location also benefits from proximity to Akron Children's Pediatric Hospital, providing potential for synergy with healthcare-related businesses. The asking price for this exceptional property is $275,000. This represents a compelling opportunity to acquire a well-positioned commercial space with significant potential for growth and return on investment in the thriving Niles/Warren, Ohio market. The property's size and zoning make it suitable for a wide range of businesses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,669,168
    Hospitality
    $1,528,949
    Educational
    $1,272,067
    Medical
    $1,315,816
    Retail
    $1,978,771
645 Smt St, Niles, Ohio

Location Insight

City
Warren
County
Trumbull
State
Ohio
Latitude
41.2428
Longitude
-80.8282
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
$2,306
$7,320
$28,280
$35,600
-
$20,900
$80,800
$101,700

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