118 Park Ave Warren, OH 44481
This charming 4,350 sq ft brick building, located at 118 N Park Ave in Warren, Ohio (APN 39-367539), presents a unique investment opportunity. Built in 1900, this retail property currently houses a restaurant leasing the main level space, which has previously accommodated diverse businesses including a beauty salon, radio station, and retail store. The main level features a cozy vestibule with a private seating area, a spiral staircase leading to a full basement for storage, exposed brick walls, a spacious bar area, a large dining room, and a fully equipped kitchen with a prep area. The sale includes a private rear parking lot. Note that the upper two floors comprise five privately owned residential condo units, not included in this sale. The property's prime location in Warren's Courthouse Square offers excellent visibility and access to ample street and deck parking. The asking price is $275,000, translating to $63.22 per square foot. This property blends historical charm with modern functionality, making it an attractive proposition for a variety of uses. The building's rich history and prominent location within a vibrant downtown area offer significant potential for future growth and profitability.
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RC Trucks Shop (Bike/Boat/Book/etc) Store
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Sew Cute! Boutique & Classroom Clothing Store
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
Similar Nearby for Sale
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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.