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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

118 Park Ave Warren, OH 44481

4,350 SF Built 1900
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1900
Total area 4,350 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
Current use
Occupant on record · Public records
  • RC Trucks Shop (Bike/Boat/Book/etc) Store
  • Sew Cute! Boutique & Classroom Clothing Store
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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