652-656 Youngstown Warren RD Pending

Niles,OH 44446

$ 995000

- Bed

- Bath

10582 SqFt


Key Details

Property Type Commercial

Sub Type Office

Listing Status Pending

Purchase Type For Sale

Square Footage 10,582 sqft

Price per Sqft $94

Subdivision Weathersfield Township Sec 04 O

MLS Listing ID 4434746

HOA Y/N No

Abv Grd Liv Area 10,582

Total Fin. Sqft 10582

Year Built 1984

Annual Tax Amount $30,005

Lot Size 1.080 Acres

Acres 1.08

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.

Location

State OH

County Trumbull

Interior

Fireplace No

Building

Story 1

Schools

School District Niles Csd - 7818

Others

Tax ID 25-900372

Special Listing Condition Real Estate Owned

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