3710 Hendricks RdAustintown, OH 44509

Property Details for 3710 Hendricks Rd

Lot size

2.44 AC

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

48-046-0-021.00-0

APU

480460021000

Description

This exceptional 300,000-square-foot industrial property, located at 3710 Hendricks Rd in Youngstown, Ohio, presents a compelling investment opportunity. Currently housing three tenants, including Timbercreek, Jaxon International, and Youngstown Bending and Rolling, the property boasts a strong pro-forma NOI of $889,299 and a 13.68% pro-forma cap rate. The asking price is $6,500,000, translating to $21.67 per square foot. Situated on a 14.64-acre lot, this multi-tenant, NNN-leased asset features 40-foot ceilings, three-phase power, and crane bays, catering to diverse manufacturing and warehousing needs. Recent capital improvements include a new roof with a 20-year warranty and the installation of energy-efficient LED lighting, totaling $1.8 million in upgrades. The property's strategic location offers convenient access to Interstate 680 and Route 11, placing it within close proximity to Downtown Youngstown, Warren, Akron, and Canton. The property is zoned for industrial use and presents an attractive opportunity for both owner-users and value-add investors seeking a well-maintained, high-performing asset in a growing Ohio market. The Youngstown area is experiencing growth in healthcare, education, and advanced manufacturing, contributing to a stable and expanding local economy.

• Alternative Use

  Use

  Valuation

  Residential

  $23,183,756

  Hospitality

  $21,236,196

  Educational

  $17,668,266

  Medical

  $18,275,904

  Retail

  $27,483,968

Location Insight

City

Youngstown

County

Mahoning

State

Ohio

Latitude

41.1101

Longitude

-80.7168

CBSA code

49660

CBSA name

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

Property Tax & Assessments

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