Foreclosure
Address
652-656 Youngstown Warren Road, Niles, OH
Price
$ 995,000
Property Attributes
  • MLS#4434746
  • TypeCommercial
  • CountyTRUMBULL
  • CityNiles
  • NeighborhoodWeathersfield Township
  • Zip44446
  • Style
  • Year Built1984
  • Taxes$ 30005
  • Price$ 995,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10582
  • Lot Size1.08 Acres
Data Source:
MLSNow
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.

Price History
1/26/2023 Listed $1

General Features

Possession Other
Year Built 1984
Property SubType Office
County Trumbull
New Construction No
Property Type CommercialSale
HOA / Comm Assn No
Attached Garage No
Subdivision Name Weathersfield Township Sec 04 O
Garage Y/N No
Status Active
Directions N on 422 from Youngstown approx 6 miles from downtown property is on the left next to Arbys
ModificationTimestamp 2024-03-27T13:41:11.440-00:00
City Niles
View Y/N No
Senior Community Y/N No
High School District Niles CSD - 7818
Waterfront Y/N No
Carport Y/N No
Street Name Youngstown Warren
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 30005.0
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 382
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Niles CSD - 7818
Elementary School District Niles CSD - 7818
Property Sub Type Additional Office
MobileHomeRemainsYN No
Legal Description 4 10 .830A WARREN YOUNGSTOWN RD

Interior Features

Total Stories 1
Basement (Y/N) Yes
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Above Grade Finished Area 10582.0
Street Suffix Road
Electric On Property Y/N No
Above Grade Finished Area Source Assessor

Exterior Features

Lot Size Area 1.08
Spa No
Building Area Total 10582.0
Lot Size Acres 1.08
Lot Size Units Acres
Lot Size Source Assessor
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 44446

Price
AVG $470K
$1,000K
Taxes
AVG $7,098
$30,005
Visits
AVG 101
244
Data Provided by Inside Real Estate®
Year Built
AVG 1957
1984
Walkscore
AVG 62
38
Data Provided by Walkscore® not using MLS data

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