3405 Market StYoungstown, OH 44507

Property Details for 3405 Market St

Year built

1994

Lot size

0.64 AC

Property size (Sq ft)

10,817 SF

Property type

Office properties

Property subtype

Office buildings

APN

53-118-0-047.00-0

APU

531180047000

Description

This exceptional investment opportunity presents a 10,817-square-foot school building located at 3405 Market St, Youngstown, OH 44507, in Mahoning County. The property sits on a 0.635-acre lot and is zoned for commercial use, offering significant potential for future development. Currently leased to the Academy for Urban Scholars, the building is in excellent condition. A new five-year lease commenced September 1, 2023, and expires August 31, 2028, representing a remaining lease term of approximately 3.8 years. The lease is a strong NNN lease, with a monthly rent of $10,500. The asking price is $1,775,000, translating to a price per square foot of $164.09. The property's APN is 53-118-0-047.00-0. This presents a stable, income-generating asset with a long-term tenant history, dating back to September 2018. The building's size and location in Youngstown, Ohio, make it an attractive investment for those seeking a strong return on investment in a well-established commercial area. The commercial zoning allows for flexibility in future uses, should the need arise. This is a rare opportunity to acquire a well-maintained, income-producing property with a proven track record.

• CAP approach

  CAP return

  Valuation

  6%

  $2,057,146

  6.5%

  $1,898,904

  7%

  $1,763,268

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,011,822

  Geo Method

  $1,011,822

• Alternative Use

  Use

  Valuation

  Residential

  $2,354,641

  Hospitality

  $2,156,838

  Educational

  $1,794,464

  Medical

  $1,856,179

  Retail

  $2,791,389

Location Insight

City

Youngstown

County

Mahoning

State

Ohio

Latitude

41.0649

Longitude

-80.6611

CBSA code

49660

CBSA name

YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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