50
See all 50 photos
$247,800
Est. payment /mo
0.85 Acres Lot
Active
1451 E Market ST Warren, OH 44483
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Fairmount Drive
MLS Listing ID 5245243
HOA Y/N No
Year Built 1898
Annual Tax Amount $3,038
Tax Year 2025
Lot Size 0.850 Acres
Acres 0.85
Property Sub-Type Mixed Use
Property Description
ATTENTION INVESTORS & OWNER-OCCUPANTS! Exceptional mixed-use investment opportunity at 1451 East Market Street, Warren, Ohio, offering a strong 13.4% cap rate, multiple income streams, and additional upside potential. This versatile three-story property offers approximately 4,700 sq. ft. on a 0.85-acre corner lot with excellent visibility. Adding tremendous value, the seller has already made a $61,000 investment in a brand-new roof and gutter system, eliminating a major capital expense for the next owner. The first floor currently serves as a professional law office featuring a welcoming reception area, administrative space, multiple private offices, work/conference areas, kitchenette, and three restrooms. The flexible configuration lends itself to continued legal use or a variety of professional or service-based businesses. The second floor includes two private-entry residential apartments, each featuring a living room, kitchen, bedroom, and full bath, creating additional income streams and live-work possibilities. The third floor includes a half bath and was previously used for records storage, providing additional office, storage, or potential income-producing space, subject to zoning and approvals. Located directly across from the former Trumbull Memorial Hospital campus, this highly visible property includes approximately 25 on-site parking spaces and two parcels. Residential B zoning provides flexibility for potential uses. A vacant city-owned lot adjacent to the north side of the parking lot may also be available for future acquisition or development. Strong rent roll, recent major improvements, multiple income streams, and significant potential. An excellent opportunity for an investor seeking immediate cash flow or an owner-occupant looking to operate a business while benefiting from additional rental income. **A rare opportunity combining visibility, income, flexibility, and long-term investment potential.** Schedule your private showing today!
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
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Listed by John N Eaton • Howard Hanna • johneaton@howardhanna.com, 330-219-5758
Nearby Locations
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