6534 Market StYoungstown, OH 44512

  • Retail properties
  • 0.10 AC
For Sale
$300,000 View listing

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
6534 Market St, Youngstown, Ohio

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

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
$474
$6,390
-
$6,390
-
$18,270
-
$18,270

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