139 Boardman St Youngstown, OH 44503
- Office buildings
- 22,060 SF
- 0.67 lot acres
Current Use by Public Records
- Office buildings
Property Details for 139 Boardman St
- Year built
- 1974
- Lot size
- 0.67 lot acres
- Property size
- 22,060 SF
- Property type
- Office buildings
- APN
- 53-016-0-145.00-0
- APU
- 530160145000
Description
This exceptional investment opportunity presents a fully leased, Class C office building totaling 21,122 square feet, situated in downtown Youngstown, Ohio. The property boasts a strong 8.50% capitalization rate and 100% occupancy, featuring two suites: Suite A (10,467 sq ft) and Suite B (11,655 sq ft). High-profile tenants include the Academy for Urban Scholars and Windstream Holdings, Inc., a Fortune 500 company. The building enjoys a highly visible corner location at the south end of Boardman Street, offering easy access and high visibility. Its strategic location provides convenient access to Interstates 80 and 680, as well as State Routes 62, 422, 193, and 711. The property's proximity to the Covelli Centre, Youngstown's premier sports and entertainment venue, further enhances its appeal. Adding to its value is the presence of a commercial standby generator on-site, ensuring business continuity. The asking price is $1,875,000. This is a rare opportunity to acquire a stable, high-performing asset in a desirable location. The building is situated near three parking garages, ensuring ample parking for tenants and visitors. This property offers a compelling combination of strong occupancy, high yield, and a prime location, making it an ideal addition to any investment portfolio.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Youngstown
- County
- Mahoning
- State
- Ohio
- Longitude
- -80.6484
- Latitude
- 41.098
- CBSA code
- 49660
- CBSA name
- YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA
