1514 Gypsy LnYoungstown, OH 44505

Property Details for 1514 Gypsy Ln

Year built

1918

Construction

WOOD FRAME

Lot size

0.47 AC

Property size (Sq ft)

1,344 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

12-275100

APU

12275100

Description

This exceptional redevelopment opportunity in Youngstown, Ohio, presents 1.86 acres of commercially zoned land, ideal for a variety of uses. The property includes two parcels: a 0.5-acre lot featuring a three-bedroom house on Gypsy Lane, conveniently located near the DOY credit union, Belmont Avenue, and the 711 connector; and a contiguous 1.36-acre rear parcel accessible from Crumrine Street off Belmont Avenue. The Gypsy Lane parcel boasts 60 feet of frontage and 357 feet of depth, while the Crumrine Street parcel offers 365 feet of frontage and 161 feet of depth. The combined property offers significant development potential, with its prime location and ample space making it suitable for a flex warehouse, or other commercial ventures. The existing structures, including a 1,344 square foot, two-story, 1935-built building, could be repurposed or removed to accommodate new construction. The property's APN numbers are 12-275100 and 12-12820. This vacant property is listed at $235,000, or $174.85 per square foot. Don't miss this chance to acquire a highly desirable development site in a growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $255,598

  6.5%

  $235,937

  7%

  $219,084

• Comparable approach

  Method

  Valuation

  Relative Method

  $125,718

  Geo Method

  $125,718

• Alternative Use

  Use

  Valuation

  Residential

  $292,561

  Hospitality

  $267,985

  Educational

  $222,960

  Medical

  $230,628

  Retail

  $346,827

Location Insight

City

Youngstown

County

Trumbull

State

Ohio

Latitude

41.1342

Longitude

-80.6675

CBSA code

49660

CBSA name

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

Property Tax & Assessments

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