5498 Webb RdYoungstown, OH 44515

Property Details for 5498 Webb Rd

Year built

1900

Construction

FRAME

Lot size

1.99 AC

Property size (Sq ft)

1,712 SF

Property type

Retail properties

Property subtype

Retail space

APN

49-043-0-078.00-0

APU

490430078000

Description

This exceptional 2-acre commercial land parcel presents a unique investment opportunity in Youngstown, Ohio. Strategically located at 5498 W Webb Rd, this corner lot boasts prominent frontage on State Route 46 and W Webb Rd, offering unparalleled visibility and accessibility. Its advantageous position is further enhanced by its proximity to the I-80 on/off ramp, ensuring convenient access for businesses and customers. The property is situated just north of Hollywood Gaming, benefiting from the high traffic volume and established commercial presence in the area. Currently, a pet grooming business occupies a portion of the land on a month-to-month lease, providing immediate potential rental income. The property is zoned B2, opening doors to a wide range of commercial development possibilities. This prime location, combined with its size and zoning, makes this a highly desirable site for investors seeking to capitalize on Youngstown's growing commercial market. The asking price is $190,000. This represents a compelling opportunity to acquire a well-positioned commercial property with significant development potential in a thriving area. Don't miss this chance to secure a valuable asset in a high-traffic location. The property's address is 5498 W Webb Rd, Youngstown, OH 44515, within Mahoning County.

• CAP approach

  CAP return

  Valuation

  6%

  $478,607

  6.5%

  $441,791

  7%

  $410,235

• Comparable approach

  Method

  Valuation

  Relative Method

  $403,554

  Geo Method

  $403,554

• Alternative Use

  Use

  Valuation

  Residential

  $372,668

  Hospitality

  $341,362

  Educational

  $284,009

  Medical

  $293,776

  Retail

  $441,791

Location Insight

City

Youngstown

County

Mahoning

State

Ohio

Latitude

41.1298

Longitude

-80.7678

CBSA code

49660

CBSA name

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

Property Tax & Assessments

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