0 State St Butcher Rd And E Pershing St Salem, OH 44460
This exceptional 77.45-acre commercial land parcel presents a significant development opportunity in Salem, Ohio. Strategically located on State Route 14 within a thriving retail corridor, this property boasts unparalleled visibility and accessibility. Its proximity to the Salem Community Hospital (less than one mile) further enhances its desirability. The property is zoned for commercial use and offers the flexibility of sub-division, allowing for tailored development plans to suit various needs. The area is already home to a robust mix of established businesses, including Super Walmart, Giant Eagle, Marc's, Aldi, Home Depot, Dunkin' Donuts, Tim Hortons, and Bob Evans, creating a strong foundation for future growth and attracting a substantial customer base. Situated in Columbiana County, bordering Mahoning County, this location provides convenient access to major transportation routes and a large regional population. This expansive tract represents a rare chance to acquire a premier commercial property in a high-demand area, poised for significant return on investment. The asking price is $1,200,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.