3950 Parkman Rd - Storefront Retail/Residential FOR SALE


Warren, OH 44481
$330,000 USD
330-261-6433
3950 Parkman Rd, Warren, OH for Sale
$330,000 USD
Storefront Retail/Residential - FOR SALE
1/4
null | 3% Cap Rate

3950 Parkman Rd
Warren, OH 44481


HIGHLIGHTS

  • One of the few remaining commercial properties left in Warren, Ohio.
  • 2 accesses with a signalized intersection with a high traffic volume of approximately 63,000 VPD along the main road.

OVERVIEW

Marijuana Dispensary ....Fast Food ...Brewery.. Wine Bar ... Truck Rental .. .Storage Facility.... Don't miss out on this commercial property!!! Previously a bar/ lounge. This commercial property is ready for an entrepreneur to create a vision. This is a high traffic area and a gateway from Warren to Cleveland. Includes a smaller home with basement area and garage. Property Features city water, sanitary sewer, gas and electric. Metal roof on the smaller home was installed in 2023 and new shingles on the bar in 2023. A blank canvas ready for your creativity. Marijuana Dispensary.... Local Paper Tribune article , (titled 3 for Weed July 18 2024)it states that the New Distributors will be limited to only being allowed in business corridors, and specifically listed Parkman Rd as one of those roads. This property is located on 422 Parkman Rd, In the Warren city lines LAMAR Geo Path 280231 Panel 90446 Sits on the opposite corner , This Billboard is located on Route 422, a roadway frequently traveled by local and truck traffic going towards the Route 82 bypass, Leavittsburg, the Southington/Parkman Amish Community, and Cleveland area. Impressions 63,268/week The property survey is two years old and property taxes are paid for next year. The lot has access to city utilities and two access driveways to high traffic roads. With all the increase in New Business to the surrounding area, and the Dispensary License coming available. NOT TO MENTION, Trumbull County has been awarded $344.4 million A YEAR for 15 years, and Warren gets $22 Million itself from the Opioid Litigation Settlement.

FOR SALE DETAILS

PRICE

$330,000 USD

PRICE/SF

$103 USD /SF

CAP RATE

3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,866 SF

ZONING

commercial b

APN/PARCEL ID

40-221133

ASK ABOUT THIS PROPERTY

Art BaltesBlackies RodsMore Info
330-261-6433

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Art BaltesBlackies RodsMore Info
330-261-6433

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