1514 Gypsy Ln Youngstown, OH 44505-1832
This exceptional redevelopment opportunity in Youngstown, Ohio, presents 1.86 acres of commercially zoned land, ideal for a variety of uses. The property includes two parcels: a 0.5-acre lot featuring a three-bedroom house on Gypsy Lane, conveniently located near the DOY credit union, Belmont Avenue, and the 711 connector; and a contiguous 1.36-acre rear parcel accessible from Crumrine Street off Belmont Avenue. The Gypsy Lane parcel boasts 60 feet of frontage and 357 feet of depth, while the Crumrine Street parcel offers 365 feet of frontage and 161 feet of depth. The combined property offers significant development potential, with its prime location and ample space making it suitable for a flex warehouse, or other commercial ventures. The existing structures, including a 1,344 square foot, two-story, 1935-built building, could be repurposed or removed to accommodate new construction. The property's APN numbers are 12-275100 and 12-12820. This vacant property is listed at $235,000, or $174.85 per square foot. Don't miss this chance to acquire a highly desirable development site in a growing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.