652-656 Youngstown Warren Road, Niles, OH 44446

Request Information
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
Location Information
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
Exterior Features
Possession: Other
Lot Size in Acres: 1.08
Is One Story: Yes
Additional Information
Property Type: COM
Property SubType: Office
Property SubType 2: Commercial Sale
Year Built: 1984
Status: Active


$ per month
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Monthly Tax: $
Monthly Insurance: $
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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
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