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$ 219,900
Est. payment /mo
Price Dropped by $20K
1451 E Market ST Warren, OH 44483
0.85 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Fairmount Drive
MLS Listing ID 5183224
HOA Y/N No
Year Built 1898
Annual Tax Amount $3,038
Tax Year 2024
Lot Size 0.850 Acres
Acres 0.85
Property Sub-Type Mixed Use
Property Description
1451 East Market Street in Warren, Ohio is a versatile three-story mixed-use property offering approximately 4,700 square feet of space on a 0.66-acre lot. ATTN investor's property has an extremely profitable cap rate of 13.4% with room for additional rent recovery. The ground floor is configured as a former medical office, featuring a reception area, staff office, four exam rooms, a treatment room, a private office, a kitchenette, and three restrooms. The second floor contains two well-appointed residential apartments, each with a living room, kitchen, bedroom, and full bathroom, and each with its own private entrance—making the property ideal for generating rental income or accommodating live-work arrangements. The third floor, previously used for records storage, includes a half bath and presents potential for additional functional space depending on future needs and zoning approvals. Located directly across from the old Trumbull Memorial Hospital, the property is well-positioned for medical or professional use, while the ample on-site parking—approximately 25 spaces—supports both commercial and residential activities. Its Residential B zoning and mixed-use layout provide flexibility for investors, owner-users, or those interested in adaptive reuse opportunities. This property includes 2 parcels. There is also the vacant city lot available for development on north side of parking lot. Strong rent roll. Call today to schedule a showing!
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
Listed by John N Eaton • Howard Hanna • johneaton@howardhanna.com, 330-219-5758