1451 E Market Street, Warren, OH 44483

$219,900
Active for Sale
 
Listing ID 11636946
Property Type Commercial
County Trumbull
Township Warren
Total Tax $3,038
Tax ID 38-642820
FEMA Flood Map fema.gov/portal
Year Built 1898
Virtual Tour
1451 East Market Street in Warren, Ohio is a versatile three-story mixed-use property offering approximately 4,700 square feet of space on a 0.66-acre lot. ATTN investor's property has an extremely profitable cap rate of 13.4% with room for additional rent recovery. The ground floor is configured as a former medical office, featuring a reception area, staff office, four exam rooms, a treatment room, a private office, a kitchenette, and three restrooms. The second floor contains two well-appointed residential apartments, each with a living room, kitchen, bedroom, and full bathroom, and each with its own private entrance-making the property ideal for generating rental income or accommodating live-work arrangements. The third floor, previously used for records storage, includes a half bath and presents potential for additional functional space depending on future needs and zoning approvals. Located directly across from the old Trumbull Memorial Hospital, the property is well-positioned for medical or professional use, while the ample on-site parking-approximately 25 spaces-supports both commercial and residential activities. Its Residential B zoning and mixed-use layout provide flexibility for investors, owner-users, or those interested in adaptive reuse opportunities. This property includes 2 parcels. There is also the vacant city lot available for development on north side of parking lot. Strong rent roll. Call today to schedule a showing!
Property Details
  • 0.85 Acres
  • Built in 1898
  • 2 Stories
  • Lower Level: Unfinished
Interior Features
  • Baseboard
  • Forced Air
  • Gas Fuel
  • Central A/C
Exterior Features
  • Asphalt Shingles Roof
  • Community Water
  • Community Septic
  • Subdivision: Fairmount Drive
Taxes and Fees
  • $3,038 Total Tax
  • Tax Year 2024
Listed By
Howard Hanna
Office: 330-702-8400
Howard Hanna
Office: 330-702-8400
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