3581 Elm Rd Warren, OH 44483
- Turn key restaurants
- 5,447 SF
- 2.35 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 3581 Elm Rd
- Year built
- 1987
- Lot size
- 2.35 lot acres
- Property size
- 5,447 SF
- Property type
- Turn key restaurants
- APN
- 28-901164
- APU
- 28901164
Description
This exceptional 2.35-acre redevelopment site presents a unique investment opportunity in a thriving Warren, Ohio location. Situated on Elm Road Northeast, this single-tenant property boasts a high-traffic count exceeding 21,000 vehicles daily. The site is ideally positioned along a major retail corridor with convenient access to Ohio State Route 82, ensuring excellent visibility and accessibility for potential businesses. The property's zoning allows for retail, restaurant, or land development uses, offering considerable flexibility for future development. Warren, the county seat of Trumbull County, Ohio, has a population of approximately 39,000 residents, providing a substantial customer base. The area is anchored by a strong concentration of nationally recognized retailers, including Walmart, ALDI, Menards, Tractor Supply, Chipotle Mexican Grill, Wendy's, Panera Bread, and Dunkin', creating a vibrant and attractive retail environment. This property offers significant potential for developers seeking a high-visibility location with established infrastructure and a proven track record of retail success. The site's size and location make it an ideal candidate for a variety of commercial developments, catering to the needs of the local community and the surrounding area. This is a rare opportunity to acquire a prime piece of commercial real estate in a rapidly growing market. The property is classified as retail, land, and restaurant use, and is a freestanding, single-tenant site. The address is 3581 Elm Rd NE, Warren, OH 44483.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $545,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $585,000
- 6.5%
- $595,000
- 7%
- $605,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $610,000
- Geo Method
- $665,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $570,000
- Retail
- $575,000
- Mixed-Use
- $665,000
- Hospitality
- $555,000
- Educational
- $610,000
- Residential Income
- $620,000
- Energy
- $545,000
- Income-Based Land
- $605,000
- Food Service
- $505,000
Location Insight
- Map
- Local Demand
- City
- Warren
- County
- Trumbull
- State
- Ohio
- Longitude
- -80.7832
- Latitude
- 41.2676
- CBSA code
- 49660
- CBSA name
- YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA