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    2840 Youngstown Rd Warren, OH 44484

    For Lease
    $12 SF/Yr

    11,400 SF Single-Tenant Retail Building

    Lot size:
    11,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 11,400 square foot retail property, located at 2840 Youngstown Rd SE in Warren, Ohio, presents a unique investment opportunity. Previously occupied by a Rite Aid, this single-tenant building offers significant potential for a variety of retail uses. The property's prime location in Warren, Ohio, 44484, ensures high visibility and accessibility for customers. Its spacious layout provides ample room for a wide range of retail operations, making it an ideal space for businesses seeking a substantial footprint. The building's history as a successful drug store demonstrates its suitability for retail purposes and its established customer base in the area. The property is categorized as a retail space with a drug store subtype, reflecting its previous use and the potential for similar businesses. This single-tenant occupancy offers simplicity and control for the new owner. The property's geographic coordinates are 41.2213081 latitude and -80.7836562 longitude, providing precise location data for interested parties. This is a rare opportunity to acquire a well-situated, substantial retail space in a thriving Ohio community. The property's size and location make it an attractive prospect for businesses seeking to establish a strong presence in the Warren market. Serious inquiries are encouraged to explore this promising investment.

    Property Features for 2840 Youngstown Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,400 SF

    Unit(s) available at that property

    Space
    Size
    11,400 SF
    Rate per SF
    $12

    HighLights

    • 11,400 SF freestanding former Rite Aid on 1.37 acres.
    • Excellent location, two miles from Eastwood Mall (3.4M SF, 200+ retailers).
    • A and "B" commercial zoning. Over 200' frontage on Youngstown Warren Road and Central Parkway Avenue. 55 parking spaces.
    • $1,400,000 asking price.
    • $12.50/SF lease rate.
    • Annual taxes: $3.18/SF.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rite Aid Pharmacy Pharmacy David R. Motz, ... Pharmacy Rite Aid Drug Store Western Union Money Transfer Service higi Health Consultant

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.7836562
    Latitude
    41.2213081

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    FAQs

    What type of property is this?
    Individual retail property - 11,400 SF Single-Tenant Retail Building
    Where is this individual retail property located?
    The property is located at 2840 Youngstown Rd Warren, OH.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 11,400 SF freestanding former Rite Aid on 1.37 acres.; Excellent location, two miles from Eastwood Mall (3.4M SF, 200+ retailers).; A and "B" commercial zoning. Over 200' frontage on Youngstown Warren Road and Central Parkway Avenue. 55 parking spaces.
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    2840 Youngstown Rd Warren, OH 44484
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    Warren, OH 44484
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2840 Youngstown Rd Warren, OH 44484
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