5600 Market St - Medical FOR SALE


Youngstown, OH 44512- South Outer Austintown/Boardman
$775,000 USD
909-844-2886
5600 Market St, Youngstown, OH for Sale
$775,000 USD
Medical - FOR SALE
1/15
null | Request Cap Rate


HIGHLIGHTS

  • Never vacant since 2013.
  • Strong, proven rental and occupancy history.
  • Additional land included with development potential.
  • Opportunity to acquire multiple commercial buildings in the same area.
  • Professional office/commercial building suitable for a wide variety of businesses.
  • Two prospective tenants have already expressed interest in leasing space.

OVERVIEW

NEW LEARNER ANNEX - FUTURE NOI $450,000 - BUY AT DISCOUNT BEFORE BUILD OR AFTER BUILD 5600 Market Street offers a rare opportunity to acquire a well-maintained commercial property with an outstanding occupancy history. The building has been continuously occupied since 2013 and has never been vacant, demonstrating strong demand and long-term stability. The property became available only because the former tenants, FightChannel.com and IPPV.com, relocated their operations to Las Vegas, Nevada, and Laurel Canyon, Hollywood, California, as part of their business expansion. Their relocation was not related to the property itself. In addition to the main building, the offering includes additional land, and another commercial building located just up the street, creating added value and future development or expansion opportunities. For the first time in many years, this exceptional property is available for purchase. Investment Opportunity Properties with this type of occupancy history rarely become available. Whether you are an investor seeking dependable rental income or a business owner looking for a headquarters with room to expand, 5600 Market Street offers exceptional value and long-term upside. Contact Arthur Menaldi to arrange a confidential property tour or request additional information. Phone: 909-844-2886 5600 Market Street Development & Partnership Opportunity Executive Summary The property located at 5600 Market Street has significant expansion potential and multiple income opportunities. Current Status * A Letter of Intent (LOI) has been signed with LearNex for the construction of an annex building. * Proposed lease structure is a Triple Net (NNN) Lease. * Annual lease revenue: Approximately $450,000 per year. * Estimated construction cost: $3,000,000. * Estimated construction timeline: 18 months. Additional Opportunity The property includes the possibility of acquiring additional land to expand future development, increasing the long-term value of the project. Existing Interest There is also interest in leasing the ground floor of the existing building. This space would require approximately $300,000 in tenant improvements. Partnership Proposal The owner is seeking a financial or development partner who can assist with: * Funding construction of the new annex. * Funding tenant improvements for the existing building. * Assisting with development and leasing. * Sharing in project profits under mutually agreed partnership terms. Benefits * Long-term Triple Net lease income. * Opportunity to increase property value through new construction. * Potential additional revenue from leasing the existing building. * Expansion potential through additional land acquisition. * Stable commercial investment with long-term cash flow. Requested Next Steps The owner is requesting meetings with qualified investors, lenders, and development partners to review: * Letter of Intent * Development plans * Financial projections * Construction schedule * Partnership structure * Financing options

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$45 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

125

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

MU

APN/PARCEL ID

29-064-0-368.00-0

ASK ABOUT THIS PROPERTY

Art MenaldiNew HomeMore Info
909-844-2886

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Art MenaldiNew HomeMore Info
909-844-2886

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