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    OFF-MARKET
    Specialty properties

    624 Elm Rd, Warren, OH 44483

    0.23 ac lot
    Property ID
    Property summary
    AI-generated overview

    This unique 0.226-acre commercial property in Warren, Ohio, presents a compelling investment opportunity. Situated near the corner of Elm and Woodland Roads, this lot offers significant potential for mixed-use development. Previously utilized as a used car lot, the property is ideally suited for a variety of retail businesses. The site includes a duplex building, each unit offering 1364 square feet of living space, arranged as one unit upstairs and one downstairs. The upstairs unit is currently occupied by a tenant until September. The property's convenient location at the intersection of Elm and Woodland Roads ensures high visibility and accessibility. With its versatile zoning and prime location, this property is perfect for an entrepreneur seeking a blend of residential and commercial income streams. The asking price is $209,900. This is a rare chance to acquire a property with significant upside potential in a thriving Ohio community. The absence of square footage data for the land itself reflects the focus on the development potential of the site. The existing duplex provides immediate income potential, while the land itself offers ample space for expansion or redevelopment.

    Property profile
    Verified
    Property type Specialty properties
    Lot 0.23 ac (9,845 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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