10708 Market St North Lima, OH 44452
- Bars
- 10,600 SF
- 2.69 lot acres
Current Use by Public Records
- Bars
Property Details for 10708 Market St
- Year built
- 2003
- Lot size
- 2.69 lot acres
- Property size
- 10,600 SF
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 05-061-0-019.00-0
- APU
- 50610019000
Description
Exceptional redevelopment opportunity in North Lima, Ohio! This 10,600 square foot vacant flex space, situated on a 2.7-acre lot, presents significant potential. The building, constructed in 2003, is located at 10708 Market St, 44452, boasting a prime location at the intersection of the Ohio Turnpike (I-76) and State Route 7. The interior has been recently demolished, providing a clean slate for your vision. The property is zoned GC and offers versatile usage possibilities, including warehouse, flex space, and retail. Considerable upside exists due to the planned opening of a Loves Travel Stops and County Store directly across the street in 2024, and the proposed redevelopment of a former truck stop to the south. The substantial lot size also allows for potential industrial outdoor storage (IOS) opportunities, either through land lease or building lease. The asking price is $1,500,000, translating to $141.51 per square foot. This NNN lease property is ready for immediate development. Don't miss this chance to capitalize on this high-traffic location and create a thriving business.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $590,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $860,000
- 6.5%
- $830,000
- 7%
- $790,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $925,000
- Geo Method
- $695,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $635,000
- Retail
- $775,000
- Mixed-Use
- $845,000
- Hospitality
- $630,000
- Educational
- $735,000
- Residential Income
- $720,000
- Energy
- $705,000
- Income-Based Land
- $770,000
- Food Service
- $815,000
Location Insight
- Map
- Local Demand
- City
- North Lima
- County
- Mahoning
- State
- Ohio
- Longitude
- -80.6611
- Latitude
- 40.9627
- CBSA code
- 49660
- CBSA name
- YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA