3825 Belmont Ave Youngstown, OH 44505
- Warehouses
- 37,940 SF
- 0.89 lot acres
Current Use by Public Records
- C.C.S. / Warehouse
Property Details for 3825 Belmont Ave
- Year built
- 1966
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.89 lot acres
- Property size
- 37,940 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 12-733400
- APU
- 12733400
Description
This exceptional investment opportunity presents a 38,500 square foot industrial property located at 3825 Belmont Ave, Youngstown, Ohio, 44505. The property sits on a 2.8-acre lot and boasts 3 overhead doors and 4 interior dock doors, along with a 3,300 square foot office space. Currently, the building is 100% occupied under a triple net (NNN) lease with Temco Logistics, a home goods delivery and installation company acquired by Home Depot in June 2023. The lease agreement extends until 2028, featuring annual rent increases of 3%. This provides a stable and predictable income stream for investors. The asking price for this turnkey investment property is $3,750,000. The property's strategic location in Trumbull County, Ohio, offers excellent access to major transportation routes, further enhancing its appeal to investors seeking a secure and profitable venture. This is a rare opportunity to acquire a high-performing industrial asset with a strong tenant and a long-term lease. Don't miss out on this chance to add a valuable asset to your portfolio.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $740,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,111,000
- AI Estimate
- $1,615,000
Market price range: $626k - $1.73MMarket price range: $821k - $2.67M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $1,190,000 Current use
- INDUSTRIAL (GENERAL)
- $1,855,000 Change: +56% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Youngstown
- County
- Trumbull
- State
- Ohio
- Longitude
- -80.6645
- Latitude
- 41.1516
- CBSA code
- 49660
- CBSA name
- YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA