3323 Parkman Rd Warren, OH 44481
- Strip malls
- 6,344 SF
- 1.10 lot acres
Current Use by Public Records
- Elegant ink by Ashley / Make-Up Artist / Permanent Make-Up Clinic
- Elegantinkbyashley.com / Permanent Make-Up Clinic
- Hydroponics / Store
- Studio 422 Salon / Hair Salon
- Good As New / Electronics Store
Property Details for 3323 Parkman Rd
- Year built
- 1983
- Lot size
- 1.10 lot acres
- Property size
- 6,344 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 40-002705
- APU
- 40002705
Description
This exceptional investment opportunity presents a 13,300 square foot, concrete office building situated on a 1.1-acre lot in Warren, Ohio's high-traffic area. The property boasts eight individual units, ideal for a variety of businesses, offering flexibility and potential for diverse income streams. A substantial parking lot ensures ample space for tenants and customers, enhancing the convenience and appeal of the location. The building's solid construction promises durability and low maintenance costs. The significant 1.1-acre lot adjacent to the main building presents a unique opportunity for expansion. This could involve increasing the existing retail space, adding complementary businesses to create a synergistic environment, or developing other income-generating possibilities. The property's prime location within a high-traffic area guarantees excellent visibility and accessibility, maximizing potential for tenant occupancy and revenue generation. This is a rare chance to acquire a well-established property with significant growth potential in a thriving commercial district. The combination of existing income-producing units and the expansive adjacent lot makes this an attractive investment for both seasoned and emerging investors seeking a strong return on investment. This property offers a compelling blend of immediate income and long-term development possibilities.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $360,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $460,000
- 6.5%
- $420,000
- 7%
- $465,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $475,000
- Geo Method
- $465,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $520,000
- Retail
- $400,000
- Mixed-Use
- $485,000
- Hospitality
- $435,000
- Educational
- $465,000
- Residential Income
- $480,000
- Energy
- $525,000
- Income-Based Land
- $435,000
- Food Service
- $430,000
Location Insight
- Map
- Local Demand
- City
- Warren
- County
- Trumbull
- State
- Ohio
- Longitude
- -80.8664
- Latitude
- 41.2578
- CBSA code
- 49660
- CBSA name
- YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA
