Property profile

9600 Mahoning Ave North Jackson, OH 44451

FOR SALE
Commercial land
Property ID
US66-1561475
58,800 SF 5.74 ac lot Built 1963
Entity Owned Absentee Owner Free & Clear
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9600 Mahoning Ave, North Jackson, OH 44451 For Sale
$3,570,000 58,800 SF
9600 Mahoning Ave, North Jackson, OH 44451
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Property summary

AI-generated overview

Exceptional 11.3-acre commercial land parcel in North Jackson, Ohio, is available for $1,100,000. This strategically located property boasts a prominent position at 9600 Mahoning Ave (State Route 18), benefiting from nearly 900 feet of frontage. Its ideal location is situated between major transportation arteries, the Ohio Turnpike and Pennsylvania Turnpike, directly off Exit 218 of the Ohio Turnpike, ensuring high visibility from both roadways. This high-traffic location offers excellent potential for signage. The property is zoned B-1, according to the zoning map, and features two existing driveways. The site previously housed a hotel and residential structure, which have since been demolished. The land comprises six individual lots. North Jackson Township has experienced significant recent economic growth, attracting over $80 million in business investments within the last five years, making this a prime opportunity for commercial development. The property's history suggests potential for a large-scale project, given the previous presence of a 90-unit hotel. APN: 50-049-0-015-00-0.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1963
Total area 58,800 SF
Lot 5.74 ac (250,034 SF)
APN 50-049-0-015.00-0
UPID US66-1561475

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

9600 Mahoning Ave North Jackson, OH 44451
North Jackson metro Census 812700 YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.16M
Blend (final) Blend
$3.57M

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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