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    2789 State St Salem, OH 44460

    For Lease
    $12 SF/Yr

    Prime Salem, OH retail space available. High-traffic location.

    Lot size:
    20,055 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 1,496 square foot creative office space is located in Unit #6 of the Quaker Square Shopping Plaza at 2789 E State St, Salem, OH 44460, near Cunningham Rd. The property is part of a larger 20,055 square foot retail center built in 2007, featuring two single-story buildings. The space is situated in a Class B building and offers a single-tenant occupancy. The plaza enjoys a highly visible location within a rapidly growing area of Salem, Ohio, benefiting from significant foot traffic. Its strategic placement near major retailers like Walmart and Home Depot provides a strong shadow anchor, attracting a substantial customer base. Quaker Square Shopping Plaza boasts a diverse mix of established national, regional, and local businesses, creating a vibrant and thriving retail ecosystem. The property includes 20 total parking spaces and sits on 2.14 acres of land. This opportunity presents a unique chance to establish a business in a well-established and successful commercial hub. A virtual tour is available.

    Property Features for 2789 State St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,055 SF
    Class
    B
    Total Rate
    20055

    Building Details

    Year Built
    2007
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    1,496 SF
    Rate per SF
    $14

    HighLights

    • Shadow‑anchored by Walmart and Home Depot.
    • Over 50% of tenants are original, demonstrating strong tenant loyalty.
    • High traffic count: nearly 25,000 vehicles per day (SR‑14 & Cunningham).
    • Existing retail/office build‑out.
    • Located in a rapidly developing area of Salem, Ohio.
    • Strong tenant mix including Verizon, Bahama Bay Tanning, Maurices, Berkshire Hathaway, Sport Connection, Comprehensive Behavioral Health, Cigarette World, and The UPS Store.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Comprehensive Behavioral Health ... Doctor Berkshire Hathaway HomeServices ... Real Estate Agent Bobbi Seguin Realtor, ... Real Estate Agency Valley Tobacco Tobacco Shop SMS Phone Leads Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Columbiana
    State
    Ohio
    Longitude
    -80.819838489296
    Latitude
    40.89992634479

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Salem, OH retail space available. High-traffic location.
    Where is this neighborhood center located?
    The property is located at 2789 State St Salem, OH.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Shadow-anchored by Walmart and Home Depot.; Over 50% of tenants are original, demonstrating strong tenant loyalty.; High traffic count: nearly 25,000 vehicles per day (SR-14 & Cunningham).
    Request Owner's contact information
    2789 State St Salem, OH 44460
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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
    2789 State St Salem, OH 44460
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