6534 Market StYoungstown, OH 44512
- Retail properties
- 0.10 AC
Property Details for 6534 Market St
- Lot size
- 0.10 AC
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 29-065-0-009.00-0
- APU
- 290650009000
Description
This exceptional 4,225-square-foot retail property, located at 6534 Market St in Youngstown, Ohio (44512), presents a compelling investment opportunity. The single-story, 1949-built building sits on a 0.1-acre lot (APN 29-065-0-010.00-0) and is currently operating at 100% occupancy. Zoned for commercial use, this Class B property offers a versatile space suitable for a variety of retail businesses, including convenience stores and grocery stores. The asking price is $300,000, translating to $71.01 per square foot. Its strategic location directly across from Akron Children's Hospital and near major shopping centers ensures high visibility and foot traffic. The property's single-unit tenancy and substantial square footage provide significant potential for growth and expansion. This is an ideal opportunity for business owners seeking a well-established location or developers looking to capitalize on a prime commercial site in a thriving area. The property's existing infrastructure and high-traffic location make it an attractive investment with strong potential for return.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,181,143
- 6.5%
- $1,090,286
- 7%
- $1,012,408
-
Comparable approach
- Method
- Valuation
- Relative Method
- $995,920
- Geo Method
- $995,920
-
Alternative Use
- Use
- Valuation
- Residential
- $919,697
- Hospitality
- $842,437
- Educational
- $700,898
- Medical
- $725,003
- Retail
- $1,090,286
Location Insight
- City
- Youngstown
- County
- Mahoning
- State
- Ohio
- Latitude
- 41.0319
- Longitude
- -80.6632
- CBSA code
- 49660
- CBSA name
- YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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