35
See all 35 photos
$219,900
Est. payment /mo
0.85 Acres Lot
Active
1451 E Market ST Warren, OH 44483
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Fairmount Drive
MLS Listing ID 5183224
HOA Y/N No
Year Built 1898
Annual Tax Amount $3,038
Tax Year 2024
Lot Size 0.850 Acres
Acres 0.85
Property Sub-Type Mixed Use
Property Description
**ATTENTION INVESTORS & OWNER-OCCUPANTS!** Exceptional mixed-use investment opportunity located at **1451 East Market Street, Warren, Ohio**. This versatile three-story property offers approximately **4,700 square feet** on a **0.66-acre corner lot** and boasts a strong **13.4% cap rate** with additional upside potential through future rent increases and property improvements.
Adding tremendous value, the seller is investing **$59,000 in a brand-new roof and gutter system**, providing peace of mind and reducing future capital expenses.
The first floor is currently configured as a professional medical office featuring a welcoming reception area, staff office, four exam rooms, treatment room, private office, kitchenette, and three restrooms. The second floor includes **two private-entry residential apartments**, each offering a living room, kitchen, bedroom, and full bath—creating multiple income streams and live-work possibilities.
The third floor includes a half bath and was previously utilized for records storage, offering potential for additional office, storage, or income-producing space subject to zoning and approvals.
Positioned directly across from the former Trumbull Memorial Hospital campus, this highly visible location is ideal for medical, professional, service-based businesses, or investors seeking a stable income-producing asset. The property includes approximately **25 on-site parking spaces**, **two parcels**, and benefits from **Residential B zoning**, allowing flexibility for a variety of future uses.
As an added bonus, a **vacant city lot adjacent to the north side of the parking lot may be available for future development**, creating even more long-term value potential.
Strong rent roll. Multiple income streams. Significant upside. Properties offering this combination of cash flow, flexibility, location, and future potential are hard to find. **Call today to schedule your private showing!**
Adding tremendous value, the seller is investing **$59,000 in a brand-new roof and gutter system**, providing peace of mind and reducing future capital expenses.
The first floor is currently configured as a professional medical office featuring a welcoming reception area, staff office, four exam rooms, treatment room, private office, kitchenette, and three restrooms. The second floor includes **two private-entry residential apartments**, each offering a living room, kitchen, bedroom, and full bath—creating multiple income streams and live-work possibilities.
The third floor includes a half bath and was previously utilized for records storage, offering potential for additional office, storage, or income-producing space subject to zoning and approvals.
Positioned directly across from the former Trumbull Memorial Hospital campus, this highly visible location is ideal for medical, professional, service-based businesses, or investors seeking a stable income-producing asset. The property includes approximately **25 on-site parking spaces**, **two parcels**, and benefits from **Residential B zoning**, allowing flexibility for a variety of future uses.
As an added bonus, a **vacant city lot adjacent to the north side of the parking lot may be available for future development**, creating even more long-term value potential.
Strong rent roll. Multiple income streams. Significant upside. Properties offering this combination of cash flow, flexibility, location, and future potential are hard to find. **Call today to schedule your private showing!**
Location
State OH
County Trumbull
Rooms
Basement Unfinished
Interior
Heating Baseboard, Forced Air, Gas
Cooling Central Air
Fireplace No
Exterior
Parking Features No Garage, Unpaved
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Garage false
Building
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Howland Lsd - 7808
Others
Tax ID 38-642820
Listed by John N Eaton • Howard Hanna • johneaton@howardhanna.com, 330-219-5758
Nearby Locations
GET MORE INFORMATION