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972 Youngstown Kingsville Road SE

Vienna, OH 44473
  • $2,500,000
  • STATUS: Active
  • ON SITE: 104 Days
  • MLS #: 4323254
Price Reduced
UPDATED: 61 min ago
$2,500,000
  • 0
    BEDS
  • 3.67
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 26,365
    SQFT
  • $95
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1976
County:
Area:

School Ratings & Info

Listing courtesy of Crandon Hill Realty, Llc..
Listing information © 2022 YES-MLS.

Description

Prime Investment Opportunity! Under market rents in some units with little or no time remaining on leases creates an easy Value Add Opportunity with great Upside Potential. Nine units total. Pro Forma valuation at $11-$11.50/sq ft yields 8%+ Cap Rate; several units currently producing at that rate or better. Custom architecture. A complete remodel in 2003 created a gorgeous, one of a kind office building that screams class and elevates the tenants it supports. Its nine stunning units are fully occupied. The 40,000 square foot parking lot installed in 2003 is well maintained, as is the huge two-story matching outbuilding built in 2007 included on the 3.67 acre lot nestled in the wooded acreage across from Vienna's Squaw Creek country club. If you are considering investing in office space in the Youngstown-Warren area, then you simply must see this property. It will not disappoint you.

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Listing information © 2022 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than RE/MAX Edge Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2022-01-19T11:08:02.173.
www.akroncantonhomesonline.com/homes/122143344
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972 Youngstown Kingsville Road SE Vienna, OH 44473

  • Price: $2,500,000
  • Status: Active
  • On Site: 104 Days
  • Updated: 61 min ago
  • MLS #: 4323254
0
Beds
0
Baths
0
½ Baths
3.67
Acres
26,365
SQFT
$95
$/SQFT
1976
Built
Neighborhood:
Township/Vienna Sec 25
County:
Trumbull
Area:
Vienna Twp
Property Description
Prime Investment Opportunity! Under market rents in some units with little or no time remaining on leases creates an easy Value Add Opportunity with great Upside Potential. Nine units total. Pro Forma valuation at $11-$11.50/sq ft yields 8%+ Cap Rate; several units currently producing at that rate or better. Custom architecture. A complete remodel in 2003 created a gorgeous, one of a kind office building that screams class and elevates the tenants it supports. Its nine stunning units are fully occupied. The 40,000 square foot parking lot installed in 2003 is well maintained, as is the huge two-story matching outbuilding built in 2007 included on the 3.67 acre lot nestled in the wooded acreage across from Vienna's Squaw Creek country club. If you are considering investing in office space in the Youngstown-Warren area, then you simply must see this property. It will not disappoint you.
Interior Features

Basement YN No Building Area Total 26365

Property Features

Above Grade Finished Area 26365 Lease Considered YN No Property Sub Type Office Tax Annual Amount 34756 Township Vienna Twp Year Built Details Actual Ybt

Listing information © 2022 YES-MLS.
Listing provided courtesy of Crandon Hill Realty, Llc..
Listing information © 2022 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than RE/MAX Edge Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2022-01-19T11:08:02.173.
 
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Listing courtesy of Crandon Hill Realty, Llc..
Listing information © 2022 YES-MLS.