2955 State St Salem, OH 44460-9307
Property profile & analytics
2955 State St, Salem, OH 44460-9307
- Super regional malls
- 16,038 SF
- 1.34 lot acres
Property ID
US66-6086463
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Alternative Smokes / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice
- Drayer Physical Therapy Institute / Physician
- GameStop / Arcade & Gaming Center / Electronics & Wireless Store
- Christopher Ifantiedes / Physician
- CLINT PAGE / Physician
Property Details for 2955 State St
- Year built
- 2003
- Lot size
- 1.34 lot acres
- Property type
- Super regional malls
- Property subtype
- Shopping centers
- APN
- 56-017-0-003.03-0
- APU
- 560170003030
Description
Salem Market Place, located at 2955 E State St, Salem, OH 44460, presents a prime retail investment opportunity. This single-story, 16,252 square foot neighborhood center, built in 2003, sits on 1.34 acres of land and boasts a highly desirable location. The property currently features three suites, with 3,803 square feet of vacant space available for lease. Individual suites range from a minimum of 980 square feet to a maximum contiguous space of 1,536 square feet, offering flexibility for various retail businesses. The center benefits significantly from its strategic positioning, shadow-anchored by a Walmart Supercenter and directly across from a Home Depot. This high-traffic location, drawing an estimated 3.3 million combined visitors annually, ensures exceptional visibility and foot traffic for tenants. The property's convenient access and strong surrounding demographics make it an ideal location for businesses seeking to establish or expand their presence in the Salem market. This is a rare opportunity to secure retail space in a thriving commercial area with significant potential for growth and return on investment. The property offers a unique blend of established success and untapped potential, making it an attractive proposition for discerning investors and retailers alike.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,610,000
- ML approach
- $1,600,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,825,000
- 6.5%
- $2,610,000
- 7%
- $2,425,000
-
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,830,000
- COMMERCIAL (GENERAL)
- $1,740,000
- OFFICE BUILDING
- $1,450,000
- AUTO REPAIR, GARAGE
- $1,450,000
- APARTMENT HOUSE (5+ UNITS)
- $1,430,000
- RESTAURANT
- $1,415,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Mahoning
- State
- Ohio
- Longitude
- -80.8169
- Latitude
- 40.9015
- CBSA code
- 49660
- CBSA name
- YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$33,702
$164,050
$504,930
$668,980
-
$468,700
$1,442,650
$1,911,350
