Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2842 State St Salem, OH 44460

    For Sale
    $200,000

    Prime .74-acre storefront, ready to build.

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 0.74-acre pad-ready site in Salem, Ohio, presents a unique opportunity for retail development. Located at 2842 E State St, 44460, this C-2 zoned property boasts a highly visible location with direct access to East State Street and a traffic signal from State Route 14, ensuring excellent visibility and accessibility. The site offers a maximum buildable area of 5,000 square feet and is equipped with all necessary utilities, including a complete stormwater management system. The property features a striped and curbed parking lot with lighting, and a prepared gravel building pad. A reciprocal easement agreement with the adjacent Advance Auto Parts allows shared access, but restricts the sale of auto parts on this site. Ohio Department of Transportation reports a daily traffic count of 9,357 vehicles, indicating high potential for customer traffic. This turnkey site is ideal for an owner-user seeking a convenient and well-prepared location to establish their business. The asking price for this exceptional opportunity is $200,000. The property is owned by WXZ Retail Group/Salem.

    Property Features for 2842 State St

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,000 SF
    Lot Size
    32,234 SF

    HighLights

    • 0.74‑acre pad‑ready retail site in Salem, OH.
    • Located at 2842 E State St, Salem, OH 44460, with C‑2 zoning.
    • High visibility on East State Street, direct access, and traffic signal from State Route 14.
    • 5,000 sq ft maximum buildable area, all utilities available, and complete stormwater management.
    • Improved with striped & curbed parking lot, lighting, and gravel building pad.
    • Reciprocal easement with adjacent Advance Auto Parts (auto parts sales prohibited on this site).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Advance Auto Parts Auto Parts Store UPS Access Point ... Shipping And Mailing Service

    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
    Mahoning
    State
    Ohio
    Longitude
    -80.819294037475
    Latitude
    40.901816125066

    Nearby Similar for Sale

    • New
      $129,900
      1,468 SF

      Charming Duplex in Salem, Ohio

      Convertible duplex with separate utilities and updated features.
      559 E Perry St, Salem, OH 44460
      View Details
    • $94,900
      1,222 SF

      Salem Duplex: Investment Opportunity

      Fully occupied duplex in Salem, OH with long-term tenants.
      676 E 3Rd St, Salem, OH 44460
      View Details
    • $126,000
      0.19 Acres

      Salem Duplex: Investment Opportunity

      Duplex in Salem, Ohio with consistent rental income.
      152 W 5Th St, Salem, OH 44460
      View Details
    • $99,900

      Updated Condo in Windsor Square

      Move-in ready condo with updated features and courtyard view.
      530 Hawley Ave, Salem, OH 44460
      View Details
    • $310,000
      4,732 SF

      Mixed-Use Building in Downtown Salem

      Mixed-use brick building with retail and residential units in Salem.
      127 Penn Ave, Salem, OH 44460
      View Details
    • $575,000
      13,000 SF

      Salem Industrial Site For Sale

      25+ acre industrial site with warehouse and house.
      12550 Youngstown Salem Rd, Salem, OH 44460
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Prime .74-acre storefront, ready to build.
    Where is this individual retail property located?
    The property is located at 2842 State St Salem, OH.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: 0.74-acre pad-ready retail site in Salem, OH.; Located at 2842 E State St, Salem, OH 44460, with C-2 zoning.; High visibility on East State Street, direct access, and traffic signal from State Route 14.
    Request Owner's contact information
    2842 State St Salem, OH 44460
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2842 State St
    Salem, OH 44460
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2842 State St Salem, OH 44460
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.