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    2305 State Route 5 Cortland, OH 44410

    For Lease
    $8 SF/Yr ($5,449 /Mo)

    High-potential 8,174 sq ft building

    Lot size:
    8,174 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 8,174-square-foot commercial property, located at 2305 State Rte 5 in Cortland, Ohio (Trumbull County, zip code 44410), presents a unique investment opportunity. Situated on a generous 3.55-acre lot, this single-tenant building offers significant potential for a variety of uses, including retail, restaurant, or office space. The property's convenient location near Walmart on Elm Road in the Warren/Cortland area ensures high visibility and accessibility. While the building requires some renovations, its substantial size and prime location offer tremendous upside for the right buyer. The property is classified as both retail and office, providing flexibility for diverse business ventures. The total building square footage is 8,174 square feet, spread across a sizable 3.55-acre lot. This presents a rare chance to acquire a significant commercial property in a desirable Ohio location. The property's address is officially listed as 2305 State Rte 5, but is also known as 2305 Elm Road. Serious inquiries are encouraged to explore the possibilities this property offers.

    Property Features for 2305 State Route 5

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,174 SF
    Total Rate
    5449.33

    Unit(s) available at that property

    Space
    Size
    8,174 SF
    Rate per SF
    $8

    HighLights

    • 8,174 SF commercial building on a 3.55‑acre lot in Cortland, OH (Trumbull County, 44410).
    • High‑visibility location near Walmart on Elm Road (State Route 5).
    • Suitable for retail, restaurant, or office use.
    • Requires renovations, offering upside potential.
    • Classified as both retail and office.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cortland
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.773244
    Latitude
    41.280627

    Nearby Comparable

    • $7 SF/Yr
      11,136 SF

      Warehouse with Fenced Yard

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      102,366 SF

      Elm Road Redevelopment Site

      Prime 2.35-Acre Retail Opportunity in Warren, OH
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      1,400,000 SF

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      1,400,000 SF distribution center with ample trailer parking.
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    • $5 SF/Yr
      385,387 SF

      Spacious Warehouse with Office Space

      385,387 sq ft warehouse with office space for lease.
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    • $75,000

      Commercial Land For Lease

      1.33 acres of commercial land available for lease.
      2311 Elm Rd NE, Warren, OH 44483
      View Details
    • Contact for pricing
      2,470 SF

      Retail Space in Warren Plaza

      Retail space available in Warren, Ohio shopping center.
      2009-2107 Elm Rd NE, Warren, OH 44483
      View Details

    Nearby Similar for Lease

    • Contact for pricing
      11,185 SF

      Freestanding Retail Building on High Street

      11,185 SF retail building available for sale or lease.
      569 S High St, Cortland, OH 44410
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - High-potential 8,174 sq ft building
    Where is this office property / space located?
    The property is located at 2305 State Route 5 Cortland, OH.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: 8,174 SF commercial building on a 3.55-acre lot in Cortland, OH (Trumbull County, 44410).; High-visibility location near Walmart on Elm Road (State Route 5).; Suitable for retail, restaurant, or office use.
    Request Owner's contact information
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    Cortland, OH 44410
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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
    2305 State Route 5 Cortland, OH 44410
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