3405 Market StYoungstown, OH 44507

For Sale
$1,775,000

10,817 SF School, Strong Lease

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 10,817-square-foot school building located at 3405 Market St, Youngstown, OH 44507, in Mahoning County. The property sits on a 0.635-acre lot and is zoned for commercial use, offering significant potential for future development. Currently leased to the Academy for Urban Scholars, the building is in excellent condition. A new five-year lease commenced September 1, 2023, and expires August 31, 2028, representing a remaining lease term of approximately 3.8 years. The lease is a strong NNN lease, with a monthly rent of $10,500. The asking price is $1,775,000, translating to a price per square foot of $164.09. The property's APN is 53-118-0-047.00-0. This presents a stable, income-generating asset with a long-term tenant history, dating back to September 2018. The building's size and location in Youngstown, Ohio, make it an attractive investment for those seeking a strong return on investment in a well-established commercial area. The commercial zoning allows for flexibility in future uses, should the need arise. This is a rare opportunity to acquire a well-maintained, income-producing property with a proven track record.

Highlights

  • $1,775,000 asking price for this special purpose property.
  • 10,817 square foot building on a 0.635-acre lot in Youngstown, OH.
  • Located at 3405 Market St, Youngstown, OH 44507.
  • Currently leased to the Academy for Urban Scholars with a new five-year lease commencing September 1, 2023, and expiring August 31, 2028.
  • Strong NNN lease with monthly rent of $10,500.
  • Excellent condition.

Property Details for 3405 Market St

Property type
Other specialty properties, Schools
Square Feet
10,817 SF
Lot Size (sq. ft)
27,661 SF

Location Insight

City
Youngstown
County
Mahoning
State
Ohio
Latitude
41.064863639644
Longitude
-80.66163963708
3405 Market St, Youngstown, Ohio

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3405 Market St
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