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    60 Boardman-Canfield Rd Youngstown, OH 44512

    For Sale
    $1,150,000

    9,041 SF Shopping Center, 100% Occupied

    Property size:
    9,041 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail investment opportunity presents a 9,041 square foot shopping center located at 50 & 60 Boardman-Canfield Road in Youngstown, Ohio, 44512. The property boasts a prime location on high-traffic State Route 224, just west of Market Street/Route 7. The center comprises two parcels totaling approximately 0.76 acres (140' x 230'). Building sizes are 4,331 square feet (built 1973) and 4,716 square feet (built 1950). Currently 100% occupied, the property generates a substantial annual income of $83,400 from a diverse tenant mix including All American Comics, Show Cutz Pet Grooming, TKD Martial Arts, and a beauty salon. Leases vary, with some month-to-month and others extending to November 30, 2024. The property includes ample parking with 50 spaces located in the rear. Annual real estate taxes are $11,916.60, insurance is $1,800, and CAM is approximately $4,000. This property presents a strong cash flow and significant redevelopment potential, making it an attractive investment opportunity. The asking price is $1,150,000.

    Property Features for 60 Boardman-Canfield Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    9,041 SF

    HighLights

    • 50 & 60 Boardman Canfield Road, Canfield, OH
    • Asking Price: $1,150,000
    • 50 Boardman Canfield Road: 4,331 SF building, built 1973, Parcel # 29‑066‑0‑087.00‑0, annual taxes $6,127.88. Tenants: All American Comics ($2,030/month, month‑to‑month) and Show Cutz Pet Grooming ($1,170/month, month‑to‑month).
    • 60 Boardman Canfield Road: 4,716 SF building, built 1950, Parcel # 29‑066‑0‑049.00‑0, annual taxes $5,788.72. Tenants: TKD Martial Arts ($2,350/month, month‑to‑month) and a beauty salon ($1,400/month, lease expires 11/30/24).
    • Total monthly rent: $6,950 ($83,400 annually).
    • Combined lot size: Approx. 0.76 acres (approx. 140' x 230').
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Youngstown
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.664814
    Latitude
    41.0246641

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    FAQs

    What type of property is this?
    Lifestyle center - 9,041 SF Shopping Center, 100% Occupied
    Where is this lifestyle center located?
    The property is located at 60 Boardman-Canfield Rd Youngstown, OH.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: 50 & 60 Boardman Canfield Road, Canfield, OH; Asking Price: $1,150,000; 50 Boardman Canfield Road: 4,331 SF building, built 1973, Parcel # 29-066-0-087.00-0, annual taxes $6,127.88. Tenants: All American Comics ($2,030/month, month-to-month) and Show Cutz Pet Grooming ($1,170/month, month-to-month).
    Request Owner's contact information
    60 Boardman-Canfield Rd Youngstown, OH 44512
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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
    60 Boardman-Canfield Rd Youngstown, OH 44512
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