8598 Market StYoungstown, OH 44512

Property Details for 8598 Market St

Year built

1990

Lot size

1.12 AC

Property size (Sq ft)

5,300 SF

Property type

Retail properties

Property subtype

Auto shops

APN

29-096-0-006.07-0

APU

290960006070

Description

This exceptional commercial property, located at 8598 Market Street in Boardman, Ohio, presents a unique investment opportunity. Situated on a sizable lot ranging from 1.1 to 2.3 acres, this property boasts a highly desirable location at the northwest corner of Market Street and Western Reserve Road, directly across from a Sheetz convenience store. The property's zoning is designated as Commercial, offering flexibility for a variety of retail uses. The parcel's APN is 29-096-0-006.07 within Mahoning County. This single-tenant property is ideal for developers seeking a build-to-suit arrangement or those interested in a ground lease. The property's high visibility and proximity to a major thoroughfare and established businesses make it an attractive prospect for businesses seeking strong foot traffic and convenient access. The property is classified as Retail and Land, offering significant potential for development and long-term growth. The address is verified as 8598 Market St, Boardman, OH 44512. This is a rare opportunity to secure a prime retail location in a thriving area. The property's size and location offer significant potential for a variety of retail businesses. The landlord is open to collaborating on a build-to-suit project or a ground lease agreement, providing flexibility for potential tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $1,481,670

  6.5%

  $1,367,695

  7%

  $1,270,003

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,249,320

  Geo Method

  $1,249,320

• Alternative Use

  Use

  Valuation

  Residential

  $1,153,702

  Hospitality

  $1,056,785

  Educational

  $879,233

  Medical

  $909,471

  Retail

  $1,367,695

Location Insight

City

Youngstown

County

Mahoning

State

Ohio

Latitude

40.9883

Longitude

-80.6634

CBSA code

49660

CBSA name

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

Property Tax & Assessments

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