5720 Market StBoardman, OH 44512

Property Details for 5720 Market St

Year built

1957

Lot size

1.35 AC

Property size (Sq ft)

1,950 SF

Property type

Retail properties

Property subtype

Auto shops

APN

29-064-0-364.00-0

APU

290640364000

Description

This exceptional 1,950 square foot auto shop, located at 5720 Market Street in Boardman, Ohio (Mahoning County, zip code 44512), presents a lucrative investment opportunity. The property sits on a 1.4-acre lot with prominent corner visibility and boasts 169 feet of frontage on Market Street. Built in 2023, this single-story building features three drive-in bays, perfect for servicing vehicles. Recent improvements include a new roof and a freshly paved parking lot, enhancing both functionality and curb appeal. The property also includes a fenced yard area, providing ample secure space for storage or operations. Adding to its financial appeal, this location benefits from free gas and generates additional income through a billboard lease. The property is zoned for commercial use (APN: 29-064-0-364.00-0) and is ideally situated adjacent to an Enterprise Truck Rental, ensuring high traffic and visibility. This turnkey operation offers immediate income potential and significant redevelopment possibilities. The property's strategic location and existing infrastructure make it an attractive investment for both established businesses and entrepreneurs seeking a high-traffic location in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $545,143

  6.5%

  $503,209

  7%

  $467,265

• Comparable approach

  Method

  Valuation

  Relative Method

  $459,656

  Geo Method

  $459,656

• Alternative Use

  Use

  Valuation

  Residential

  $424,475

  Hospitality

  $388,817

  Educational

  $323,491

  Medical

  $334,617

  Retail

  $503,209

Location Insight

City

Youngstown

County

Mahoning

State

Ohio

Latitude

41.0403

Longitude

-80.6635

CBSA code

49660

CBSA name

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

Property Tax & Assessments

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