2010 Milton Blvd Newton Falls, OH 44444-8769
- Auto shops
- 2,040 SF
- 1.36 lot acres
Current Use by Public Records
- Circle Rehab / Physical Therapist
- Hostetler Insurance Group LLC / Renter'S Insurance Agency / Auto Insurance Agency
- Yoga Meadows LLC / Yoga Studio
- Dollar General / Seasonal Goods Store / Dollar Store
- FedEx OnSite / Mailing Service
Property Details for 2010 Milton Blvd
- Year built
- 1992
- Lot size
- 1.36 lot acres
- Property size
- 2,040 SF
- Property type
- Auto shops
- APN
- 53-247204
- APU
- 53247204
Description
This exceptional investment opportunity presents a fully occupied, multi-tenant shopping center ideally situated at 2010 Milton Blvd in Newton Falls, Ohio. The property boasts a total of 17,355 square feet across two single-story buildings, constructed in 1992, and situated on a 1.3-acre lot. Currently operating at 100% occupancy, this retail center offers a strong, stable income stream. Key tenants include Dollar General, and the sale also includes a rear Zip Lube building. The property benefits from excellent visibility and signage on Milton Blvd, ensuring high traffic and brand recognition. Recent improvements include a new roof installed in 2020, demonstrating a commitment to property maintenance and longevity. The property is zoned for commercial use and presents a compelling opportunity for investors seeking a stable, high-return investment in a thriving Ohio market. The asking price is $895,000, translating to $51.57 per square foot. This modified lease structure provides a flexible and potentially lucrative investment opportunity. Don't miss this chance to acquire a well-maintained, high-performing shopping center in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $415,000
- 6.5%
- $385,000
- 7%
- $380,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $400,000
- Geo Method
- $365,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $395,000
- Retail
- $355,000
- Mixed-Use
- $415,000
- Hospitality
- $360,000
- Educational
- $435,000
- Residential Income
- $410,000
- Energy
- $435,000
- Income-Based Land
- $445,000
- Food Service
- $435,000
Location Insight
- Map
- Local Demand
- City
- Newton Falls
- County
- Trumbull
- State
- Ohio
- Longitude
- -80.9662
- Latitude
- 41.1762
- CBSA code
- 49660
- CBSA name
- YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA
