60 Boardman-Canfield Rd Youngstown, OH 44512
- Lifestyle centers
- 9,041 SF
Current Use by Public Records
- Lifestyle centers
Property Details for 60 Boardman-Canfield Rd
- Property size
- 9,041 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
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
- -80.6648
- Latitude
- 41.0247
