2505-2587 Parkman Rd NW - Storefront FOR SALE


Warren, OH 44485- Warren/Niles
$1,900,000 USD
216-381-8200
2505-2587 Parkman Rd NW, Warren, OH for Sale
$1,900,000 USD
Storefront - FOR SALE
1/8
null | Request Cap Rate

2505-2587 Parkman Rd NW
Warren, OH 44485
Warren/Niles


HIGHLIGHTS

  • Includes Future Outlot Opportunity Adjacent McDonald's
  • Priced Far Below Replacement Cost at $22 Per Square Foot
  • Projected 85% Lease-Up Nearly Triples Value
  • Regional Shadow Anchor Rural King Draws Customers from 10+
  • 17.39% Actual Occupancy Creates Significant Upside Potential

OVERVIEW

For sale to qualified investors is the fee simple interest in Trumbull Plaza, a 86,374 square foot shopping center located in Warren, Ohio. The asset presents a rare market opportunity with extreme value-add potential. The property is currently 49% occupied and offered at only $29 per square foot. Grocery anchored by regional grocer Sparkle Market (18 stores) since 1989, the shopping center features Dollar Tree, Little Caesar’s Pizza, and Metro by T- Mobile. The property is situated amongst a dense population base with nearby access to the Warren Outer Belt (Route 82). Nearby national tenants include Aldi, CVS, McDonald’s, PNC Bank, Autozone, O’Reilly, Dollar General, Rite Aid, and others

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$22 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trumbull Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

1029

LAND DETAILS

CROSS STREETS

Southern Blvd NW

LAND ACRES

18.52 AC

LAND SF

806,731 SF

ZONING

-

APN/PARCEL ID

39-205725,39-568862

ASK ABOUT THIS PROPERTY

Kyle HartungGoodman Real Estate Services GroupMore Info
216-381-8200

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Kyle HartungGoodman Real Estate Services GroupMore Info
216-381-8200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.