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Prime Commercial Corner Lot Opportunity

374 Niles Cortland Rd. SE, Warren, OH 44484

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For Sale

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Highly visible commercial lot near Howland Corners with flexible zoning.

Type:Special Purpose

Property size:

1,584 SF

Lot size:

0.81 Acres

Price / SF:

$154/SF

HighLights

Prime commercial location less than a block from Howland Corners and directly on Route 46.
.81‑acre corner lot with exceptional visibility and accessibility.
Two residential homes (1,584 sq. ft. Brick Cape Cod and 704 sq. ft. sided Ranch) both zoned for commercial use.
Zoned CRD‑01, allowing for a wide array of business ventures.
150 foot Frontage.
Opportunity to use one property as a rental and convert the other to a business.

We can help!

Contact an agent

Joann Petkovich

For Sale

Contact for pricing

Highly visible commercial lot near Howland Corners with flexible zoning.

Type:Special Purpose

Property size:

1,584 SF

Lot size:

0.81 Acres

Price / SF:

$154/SF

Added:: Feb 26, 2025
Days on Market:: 486
Last Refresh:: Mar 16 at 1:10 pm

Property Features for 374 Niles Cortland Rd. SE

General Information

Standard status: Active
Size: 1,584 SF
Lot size: 0.81 Acres
Property subtype: Special Purpose

Building Details

Year Built: 1946

We can help!

Contact an agent

Joann Petkovich

Listing office Coldwell Banker EvenBay Real Estate

Listing date Feb 26, 2025

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker EvenBay Real Estate

HighLights

Prime commercial location less than a block from Howland Corners and directly on Route 46.
.81‑acre corner lot with exceptional visibility and accessibility.
Two residential homes (1,584 sq. ft. Brick Cape Cod and 704 sq. ft. sided Ranch) both zoned for commercial use.
Zoned CRD‑01, allowing for a wide array of business ventures.
150 foot Frontage.
Opportunity to use one property as a rental and convert the other to a business.

Overview

This 0.81-acre corner lot is situated less than a block from Howland Corners, directly on Route 46, offering visibility and accessibility. The property includes a 1,584 sq. ft. Brick Cape Cod and a 704 sq. ft. sided Ranch, both zoned for commercial use. With 150 feet of frontage, the property is zoned CRD-01, offering flexibility for various business ventures. Potential uses include professional offices, boutique retail, dental or medical practices, banking institutions, places of worship, nursing homes, art galleries, membership clubs, educational facilities, and government buildings. One property could be used as a rental while the other is converted for business use. This location presents an opportunity to transform the site into a successful enterprise.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$22.8k	$14.40
− Vacancy	−$958	−$0.60
EGI	$21.9k	$13.80
− OpEx	−$6.6k	−$4.14
NOI	$15.3k	$9.66

1,584 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%

Alternative Uses

Best Use

Retail

$218.5K

$191.2K – $254.9K (±1% cap)

NOI $15,296 @ 7.0% cap · market cap 6.25%

Second Best

Office B

$218.0K

$190.8K – $254.4K (±1% cap)

NOI $15,263 @ 7.0% cap · market cap 6.23%

Theoretical Best

Office A

$300.7K

$263.1K – $350.8K (±1% cap)

NOI $21,046 @ 7.0% cap · market cap 8.59%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: Warren
County: Trumbull
State: Ohio
Longitude: -80.74095
Latitude: 41.235493

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For sale
Commercial land
OH
Warren
44484
374 Niles Cortland Rd. SE

What type of property is this?

Commercial land - Highly visible commercial lot near Howland Corners with flexible zoning.

Where is this commercial land located?

The property is located at 374 Niles Cortland Rd. SE Warren, OH.

What is the asking price?

The asking price for this property is $244,900.

What are key features of this property?

This property features: Prime commercial location less than a block from Howland Corners and directly on Route 46.; .81‑acre corner lot with exceptional visibility and accessibility.; Two residential homes (1,584 sq. ft. Brick Cape Cod and 704 sq. ft. sided Ranch) both zoned for commercial use.