3155 Canfield Rd - Medical FOR SALE


Youngstown, OH 44511- Kirkmere
$569,733 USD
407-557-3848
3155 Canfield Rd, Youngstown, OH for Sale
$569,733 USD
Medical - FOR SALE
1/2
null | 10.46% Cap Rate

3155 Canfield Rd
Youngstown, OH 44511
Kirkmere


OVERVIEW

Marcus & Millichap is pleased to present the exclusive opportunity to acquire Vision Care Associates, an outpatient medical investment property located at 3155 Canfield Road in Youngstown, Ohio. The property is occupied by Vision Care Associates, an established optometry practice operating under the AEG Vision platform, one of the nation's largest optometric organizations with more than 500 affiliated locations nationwide. The investment offers stable cash flow supported by a recently executed lease renewal extending through August 2029, coupled with 2% annual rent escalations that provide built-in income growth. In addition to the primary optometry tenant, the property benefits from a second tenant occupying the lower level, creating a diversified income stream and enhancing overall cash flow stability. Strategically positioned along Canfield Road, one of Youngstown's primary commercial corridors, the property is surrounded by a strong mix of healthcare providers, national retailers, and daily-needs businesses. The location benefits from convenient access to Interstate 680 and serves a densely populated trade area, supporting the long-term viability of the tenancy. Offered at a 9.00% cap rate, the asset presents investors with an opportunity to acquire a healthcare-oriented investment backed by a nationally recognized optometry platform while benefiting from contractual rent growth and diversified tenant income.

FOR SALE DETAILS

PRICE

$569,733 USD

PRICE/SF

$139 USD /SF

CAP RATE

10.46%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AEG Vision

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

-

APN/PARCEL ID

53-151-0-037.05-0

ASK ABOUT THIS PROPERTY

Spencer KochMarcus & MillichapMore Info
407-557-3848

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Spencer KochMarcus & MillichapMore Info
407-557-3848

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