Commercial Space and Land - AUCTION - Niles OH
ONLINE ONLY REAL ESTATE AUCTION only at OhioRealEstateAuctions DotCom. Bidding will start at $150,000. Bidding Ends: Thursday May 21st @ Noon. PROPERTY ADDRESS: 555 Youngstown Warren Rd. Niles OH 44446. Trumbull County Parcel ID: 24-282300. 555 555 Youngstown Warren Road presents a rare opportunity to acquire a high-visibility commercial property on approximately 5.33 acres along the heavily traveled Route 422 corridor in Weathersfield Township (Niles mailing address), Ohio. The property includes approximately 6,588 square feet of existing warehouse, shop, and office space, with public and prior online marketing data indicating a former auto/truck service use featuring 3 offices, 2 restrooms, and multiple overhead doors (two 14-foot doors and one 8.5-foot door). The Trumbull County Auditor reflects a 1961-built storage warehouse configuration, along with a cell tower equipment building, perimeter fencing, and a detached garage structure on site. Positioned for commercial users, contractors, service operators, storage-oriented businesses, or redevelopment-minded buyers, this site offers strong Route 422 frontage, excellent visibility, and flexible utility in an established commercial corridor. The property has been vacant for an extended period, making it a value-add opportunity for buyers looking to reposition, improve, or repurpose a well-located asset. Existing income and encumbrances (buyer to inherit): Billboard lease with Lamar Companies, originally dated October 2000, currently producing annual rental income. Lease auto-renews in 5-year cycles unless terminated; full lease available for review. Cell tower easement held by PTI US Towers II, LLC under a 99-year Easement and Assignment Agreement recorded in 2018 covering an approximately 5,625 sq ft footprint. The buyer acquires the underlying fee title to all 5.33 acres but takes subject to this easement, which includes a 2-mile telecommunications non-compete provision. No rental income from the cell tower transfers with the sale. Online sources have previously referenced a gas well on or near the property; buyer to verify any active oil & gas lease and royalty status. Public utility availability (sewer in particular) is indicated by special assessments on the parcel; buyers are encouraged to confirm current connection status with the Trumbull County Sanitary Engineer and Aqua Ohio. All prospective buyers are encouraged to perform their own due diligence regarding zoning, current permitted uses, lease terms, easement obligations, utility availability, outstanding tax and special assessment balances, and condition of all improvements. Trumbull County notes zoning is handled at the local township level, and Weathersfield Township maintains zoning administration for the area. Lot Size: 5.33 Acres. Annual Taxes: $ 3,600 (Approx)
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