652-656 Youngstown Warren Road, Niles, OH 44446
$995,000
Sq. Ft.: 10,582
Type: Commercial
Listing #4434746
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Court Appointed Receiver, Prodigy Properties, is pleased to present the opportunity to acquire 652-656 Youngstown Warren Rd., a medical office investment, located in Niles, OH, being offered with a revised price of $995,000. Niles is considered a submarket of Youngstown and is less than 8 miles Northwest of Youngstown, and less than 6 miles Southeast of Warren. Constructed in 1984, renovated in 2002, this medical office building features over 10,500 SF of medical or professional office space. INVESTMENT HIGHLIGHTS -Committed, long-standing tenants, all tenants have occupied their space for more than 15 years and have a history of consistent renewals. -Free & clear of debt, the property will be delivered free and clear of debt, allowing a new owner the opportunity to pursue a debt structure that complements their investment strategy. - Amenity base, within close proximity is an abundance of restaurants (fast food and casual), retail (shopping and grocery) & service providers. - Opportunity to add value, the offering provides the ability to add value through the lease-up of the currently vacant medical office space at market rents. - Attractive Return Metrics, the asset is aggressively priced with a projected cap rate in excess of a 12% providing investors with a low risk, high return investment opportunity with an already existing & proven rent base.
Property Features
County: Trumbull
Latitude: 41.193835
Longitude: -80.726959
Subdivision: Weathersfield Township Sec 04 O
Directions: N on 422 from Youngstown approx 6 miles from downtown property is on the left next to Arbys
Possession: Other
Lot Size in Acres: 1.08
Is One Story: Yes
Property Type: COM
Property SubType: Office
Property SubType 2: Commercial Sale
Year Built: 1984
Status: Active
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Listing courtesy of Prodigy Properties 513-841-7000
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MLS Now (Yes MLS) data last updated at April 25, 2024 11:10 AM ET
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