4506 Belmont AveYoungstown, OH 44505

Property Details for 4506 Belmont Ave

Year built

1969

Lot size

0.79 AC

Property size (Sq ft)

1,980 SF

Property type

Auto shops

APN

12-702251

APU

12702251

Description

This exceptional commercial property, located at 4506 Belmont Avenue in Youngstown, Ohio, presents a unique investment opportunity. Situated on a 0.95-acre lot at a major intersection in Trumbull County, just north of Youngstown, this freestanding building boasts unparalleled visibility and high traffic counts. Currently configured for auto repair and/or sales, the property's zoning allows for a wide range of commercial uses, making it ideal for various businesses. The existing structure provides a solid foundation for expansion, with multiple lots available to increase your business footprint. A traffic light at the intersection further enhances visibility and draws attention to the property and surrounding businesses. The high traffic volume ensures significant exposure to potential customers, making this an excellent location for a variety of commercial ventures, including, but not limited to, a major gas station chain or convenience store. This property offers a compelling combination of location, zoning, and potential, representing a significant opportunity for growth and profitability in a thriving commercial area. The asking price is $1,400,000.

• CAP approach

  CAP return

  Valuation

  6%

  $553,530

  6.5%

  $510,950

  7%

  $474,454

• Comparable approach

  Method

  Valuation

  Relative Method

  $466,727

  Geo Method

  $466,727

• Alternative Use

  Use

  Valuation

  Residential

  $431,006

  Hospitality

  $394,799

  Educational

  $328,468

  Medical

  $339,765

  Retail

  $510,950

Location Insight

City

Youngstown

County

Trumbull

State

Ohio

Latitude

41.1626

Longitude

-80.6653

CBSA code

49660

CBSA name

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

Property Tax & Assessments

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