231 Main AveWarren, OH 44481

For Sale
$1,750,000

Fully Leased, High-Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 16,000 square foot retail shopping center and storefront, located at 231 Main Ave SW in Warren, Ohio (44481), presents a lucrative investment opportunity. Boasting a total of 32,000 net rentable square feet across a single story building on a one-acre lot, the property is currently 100% occupied by a diverse mix of retail and service tenants. The asking price is $1,750,000, translating to $109.38 per square foot. Situated in the heart of downtown Warren, this plaza enjoys a highly visible location directly across from the courts, fire, and police stations, and just a short distance from the new Kimberly Clark $2 billion development. Extensive renovations completed between 2021 and 2022 encompassed a new roof, updated ceilings, and completely remodeled suites, including electrical and plumbing systems. The property benefits from a net lease structure, with tenants responsible for their own taxes and utilities. Two tenants are established long-term occupants, while others have recently signed new leases, ensuring consistent income and stability. This fully leased, prime retail location offers a compelling investment opportunity with strong tenant occupancy and recent capital improvements. The property's central location and proximity to major developments promise continued growth and high returns.

Highlights

  • Fully leased 16,000 SF retail strip center in downtown Warren, OH, across from city hall, fire, and police stations.
  • Prime retail plaza with diverse mix of retail and service tenants.
  • Extensive 2021-2022 renovations: new roof, ceilings, and remodeled suites with updated electrical and plumbing.
  • Two long-term tenants plus recently signed leases ensure stable income.
  • Net lease structure; tenants responsible for taxes and utilities.

Property Details for 231 Main Ave

Property type
Lifestyle centers, Power centers
Square Feet
16,000 SF
Year Renovated
2022
Stories
1
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Warren
County
Trumbull
State
Ohio
Latitude
41.2343603
Longitude
-80.8194513
231 Main Ave, Warren, Ohio

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231 Main Ave
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