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2587 Parkman Rd NW Warren, OH 44485

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For Sale
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86,374 SF shopping center with value-add potential.

Property size:
86,374 SF
Lot size:
12.21 Acres

Property Features for 2587 Parkman Rd NW

General Information

Standard status
Active
Size
86,374 SF
Lot size
12.21 Acres

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Listing Contact
Kyle Hartung
Source: Crexi

Listing Agency: Goodman Real Estate Services Group LLC Listing Agent: Kyle Hartung

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

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Overview

Warren, Ohio Shopping Center

Offered for sale is Trumbull Plaza, an 86,374 square foot shopping center in Warren, Ohio. This property is a market opportunity with value-add potential. Currently 17% occupied, the property is offered at $22 per square foot. The shopping center includes Dollar Tree, Little Caesar’s Pizza, and Metro PCS. Vacancies range in size from 782 to nearly 13,000 square feet, with the opportunity to combine spaces for a larger junior anchor. The large parking field presents an opportunity to add an outlot to the property. Projections to 82% occupancy show nearly $3 million of potential value creation. The property is situated amongst a dense population base with nearby access to the Warren Outer Belt (Route 82). Nearby national tenants include Aldi, CVS, McDonald’s, PNC Bank, Autozone, O’Reilly, Dollar General, and Rite Aid.
Location Intelligence

Current Use by Public Records

Sparkle Market Grocery & Convenience Store Western Union Bank

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

Similar Places Nearby

Trumbull Plaza

Location Insight

  • Map
  • Local Demand
City
Warren
County
Trumbull
State
Ohio
Longitude
-80.8570669
Latitude
41.2520407

FAQs

What type of property is this?
Shopping center - 86,374 SF shopping center with value-add potential.
Where is this shopping center located?
The property is located at 2587 Parkman Rd NW Warren, OH.
What are key features of this property?
This property features: - Significant value-add potential through increased occupancy (currently 17%).; - Opportunity to increase value by nearly $3 million with projected 82% occupancy.; - Offered at a low price of $22 per square foot.
More about this property
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