3405 Market St Youngstown, OH 44507-2009
- Office buildings
- 10,817 SF
- 0.64 lot acres
Current Use by Public Records
- Academy for Urban Scholars High School / High School
Property Details for 3405 Market St
- Year built
- 1994
- Lot size
- 0.64 lot acres
- Property size
- 10,817 SF
- Property type
- Office buildings
- APN
- 53-118-0-047.00-0
- APU
- 531180047000
Description
This exceptional investment opportunity presents a 10,817-square-foot school building located at 3405 Market St, Youngstown, OH 44507, in Mahoning County. The property sits on a 0.635-acre lot and is zoned for commercial use, offering significant potential for future development. Currently leased to the Academy for Urban Scholars, the building is in excellent condition. A new five-year lease commenced September 1, 2023, and expires August 31, 2028, representing a remaining lease term of approximately 3.8 years. The lease is a strong NNN lease, with a monthly rent of $10,500. The asking price is $1,775,000, translating to a price per square foot of $164.09. The property's APN is 53-118-0-047.00-0. This presents a stable, income-generating asset with a long-term tenant history, dating back to September 2018. The building's size and location in Youngstown, Ohio, make it an attractive investment for those seeking a strong return on investment in a well-established commercial area. The commercial zoning allows for flexibility in future uses, should the need arise. This is a rare opportunity to acquire a well-maintained, income-producing property with a proven track record.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Youngstown
- County
- Mahoning
- State
- Ohio
- Longitude
- -80.6611
- Latitude
- 41.0649
- CBSA code
- 49660
- CBSA name
- YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA
