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Property profile & analytics
FOR SALE
Retail space

1974 Warren Ave Niles, OH 44446

1,184 SF 1.36 ac lot Built 1950
Individually Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US66-2748844
Property summary
AI-generated overview

This exceptional mixed-use property in Niles, Ohio, presents a unique investment opportunity. Located at 1974 Warren Avenue, this 3,696 square foot building sits on over two acres of land and offers a blend of commercial and residential income streams. The main structure features a commercial office/showroom space, ideal for a variety of businesses. Adding to the property's income potential are two currently rented residential houses, providing a steady stream of passive income. Furthermore, the property boasts ample storage space with two 8' x 10' drive-in doors and one 10' x 11' drive-in door located within two separate garage/storage outbuildings. The property's substantial size and versatile layout offer significant potential for expansion or adaptation to suit a wide range of business needs. This is a rare opportunity to acquire a well-established, income-generating property in a desirable location. The asking price for this turnkey investment is $325,000. The property is situated in Trumbull County, Ohio, with a zip code of 44446. This is an excellent opportunity for investors seeking a diversified portfolio with both commercial and residential income streams. The property's location and features make it an attractive investment for both short-term and long-term growth.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Total area 1,184 SF
Lot 1.36 ac (59,242 SF)
APN 21-094700
UPID US66-2748844
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Wheeler's Fireplace & Grill Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Glenn J Wheeler JR · 6 yrs held
Glenn J Wheeler JR
since 2019
5 recorded transactions
2019
$85,000
2019
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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