Mixed-Use Commercial
71 Terrace St, Struthers, OH 44471
For Sale
Contact for pricing
A multi-component building combining office, retail, flex space, apartments, and a garage.
Property Size14,000 SF
Price / SF$48.57
Days on Market146
Property Features for 71 Terrace St
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Buildings
Units
Tenancy
Listing Agency:
Platz Realty Group
Listed By:
Shea MacMillan · License OH SAL.2023005004
(330) 360-9299
Source:
Crexi
Added: Jun 19
Changed: Nov 9
Last Checked: Nov 10 at 9:06AM
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 Platz Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This versatile mixed-use building totals approximately 14,000 SF and includes several income and operating components. The property features about 2,250 SF of office space and about 2,250 SF of retail space, along with flex space totaling approximately 5,000 SF. It also includes 3 apartment units and a garage area of approximately 2,000 SF, creating multiple ways to structure business and occupancy within one ownership.
The building is located at 71 Terrace St in Struthers, Mahoning County. It is positioned across from Astro Shapes, providing an identifiable commercial presence within the surrounding area.
For an owner-operator or investor, the mix of office, retail, flex space, residential units, and garage space can support a range of leasing and operational strategies under one roof. The property’s varied layout may appeal to tenants seeking flexible space types while keeping multiple revenue streams connected to a single asset.
The building is located at 71 Terrace St in Struthers, Mahoning County. It is positioned across from Astro Shapes, providing an identifiable commercial presence within the surrounding area.
For an owner-operator or investor, the mix of office, retail, flex space, residential units, and garage space can support a range of leasing and operational strategies under one roof. The property’s varied layout may appeal to tenants seeking flexible space types while keeping multiple revenue streams connected to a single asset.
Key Highlights
- 14,000 SF total building in Struthers City, Mahoning County
- Office space totals 2,250 SF
- Retail space totals 2,250 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,100
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,000
$882.0K
Cap Rate 7%
$630,000
$630.0K
Cap Rate 9%
$490,000
$490.0K
Market Conditions
NOI Build-Up for 14,000 SF
Gross rent
$84.0K $6.00/SF
− Vacancy
−$21.0K −$1.50/SF
EGI
$63.0K $4.50/SF
− OpEx
−$18.9K −$1.35/SF
NOI
$44.1K $3.15/SF
Area
Mahoning County, OH
Vacancy
25.00%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,000
Cap Rate 7%
$630,000
Cap Rate 9%
$490,000
Alternative Uses
Best Use
Office B
$1.92M
$1.68M – $2.23M
NOI $134,064 @ 7.0% cap · market cap 19.72%
Second Best
Mixed Use
$1.50M
$1.31M – $1.75M
NOI $105,000 @ 7.0% cap · market cap 15.44%
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,934 @ 7.0% cap · market cap 27.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Explore this area
Business Placement
Demographics for 44471, OH
10,445
Population
5,120
Households
2
Avg Household Size
42
Median Age
19%
College-Educated
93%
High-School Grad
4.5 sq mi
ZIP Area
2,321
Density / Sq Mi
$52,811
Median Household Income
$33,313
Median Earnings
$845
Median Rent
$97,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A multi-component building combining office, retail, flex space, apartments, and a garage.
Where is this mixed-use property located?
The property is located at 71 Terrace St Struthers, OH.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: 14,000 SF total building in Struthers City, Mahoning County; Office space totals 2,250 SF; Retail space totals 2,250 SF
