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652-656 Youngstown Warren Road

Niles, OH 44446
  • $995,000
  • STATUS: Active
  • ON SITE: 515 Days
  • MLS #: 4434746
UPDATED: 76 min ago
$995,000
  • 0
    BEDS
  • 1.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,582
    SQFT
  • $94
    $/SQFT
Type:
Commercial
Built:
1984
County:
Area:

School Ratings & Info

School District:
Listing courtesy of Prodigy Properties.
Listing information © 2024 YES-MLS.

Description

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.

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Listing information © 2024 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Kennen & Kennen Realtors are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2024-06-25T00:08:16.823.
www.kennenrealtors.com/homes/136490844
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652-656 Youngstown Warren Road Niles, OH 44446

  • Price: $995,000
  • Status: Active
  • On Site: 515 Days
  • Updated: 76 min ago
  • MLS #: 4434746
0
Beds
0
Baths
0
½ Baths
1.08
Acres
10,582
SQFT
$94
$/SQFT
1984
Built
Neighborhood:
Weathersfield Township Sec 04 O
County:
Trumbull
Area:
Niles
School District:
Niles CSD
Property Description
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.
Interior Features

Basement YN Yes Building Area Total 10582 Main Level Bathrooms 0

Property Features

Above Grade Finished Area 10582 Elementary School District Niles CSD - 7818 Lease Considered YN No Middle Or Junior School District Niles CSD - 7818 Property Sub Type Office Special Listing Conditions Real Estate Owned Tax Annual Amount 30005

Listing information © 2024 YES-MLS.
Listing provided courtesy of Prodigy Properties: 513-841-7000.
Listing information © 2024 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Kennen & Kennen Realtors are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2024-06-25T00:08:16.823.
 
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Kennen & Kennen Realtors
2241 Chapline St.
Wheeling WV, 26003
Listing courtesy of Prodigy Properties.
Listing information © 2024 YES-MLS.