1451 E Market StreetWarren, OH 44483

Property Description

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!

Property Features

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