ATTENTION INVESTORS & OWNER-OCCUPANTS! Exceptional mixed-use investment opportunity located at
1451 East Market Street, Warren, Ohio. This versatile three-story property offers approximately 4,700 square feet on a 0.66-acre corner lot and boasts a strong 13.4% cap rate with additional upside potential through future rent increases and property improvements. Adding tremendous value, the seller is investing **$59,000 in a brand-new roof and gutter system**, providing peace of mind and reducing future capital expenses. The first floor is currently configured as a professional medical office featuring a welcoming reception area, staff office, four exam rooms, treatment room, private office, kitchenette, and three restrooms. The second floor includes **two private-entry residential apartments**, each offering a living room, kitchen, bedroom, and full bath—creating multiple income streams and live-work possibilities. The third floor includes a half bath and was previously utilized for records storage, offering potential for additional office, storage, or income-producing space subject to zoning and approvals. Positioned directly across from the former Trumbull Memorial Hospital campus, this highly visible location is ideal for medical, professional, service-based businesses, or investors seeking a stable income-producing asset. The property includes approximately 25 on-site parking spaces, two parcels, and benefits from Residential B zoning, allowing flexibility for a variety of future uses. As an added bonus, a vacant city lot adjacent to the north side of the parking lot may be available for future development, creating even more long-term value potential. Strong rent roll. Multiple income streams. Significant upside. Properties offering this combination of cash flow, flexibility, location, and future potential are hard to find. Call today to schedule your private showing!
233 days
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381
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20
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Zillow last checked:
Listing updated:
Listed by:
John N Eaton330-219-5758johneaton@howardhanna.com,
Howard Hanna,
Dominic Mararri330-989-0132,
Howard Hanna
Source: MLS Now,MLS#: 5174936Originating MLS: Youngstown Columbiana Association of REALTORS
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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