Description
1451 East Market Street in Warren, Ohio is a versatile three-story mixed-use property offering approximately 4,700 square feet of space on a 0.66-acre lot. ATTN investor's property has an extremely profitable cap rate of 13.4% with room for additional rent recovery. The ground floor is configured as a former medical office, featuring a reception area, staff office, four exam rooms, a treatment room, a private office, a kitchenette, and three restrooms. The second floor contains two well-appointed residential apartments, each with a living room, kitchen, bedroom, and full bathroom, and each with its own private entrance—making the property ideal for generating rental income or accommodating live-work arrangements. The third floor, previously used for records storage, includes a half bath and presents potential for additional functional space depending on future needs and zoning approvals. Located directly across from the old Trumbull Memorial Hospital, the property is well-positioned for medical or professional use, while the ample on-site parking—approximately 25 spaces—supports both commercial and residential activities. Its Residential B zoning and mixed-use layout provide flexibility for investors, owner-users, or those interested in adaptive reuse opportunities. This property includes 2 parcels. There is also the vacant city lot available for development on north side of parking lot. Strong rent roll. Call today to schedule a showing!
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0BEDS
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0.85ACRES
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0BATHS
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01/2 BATHS
Description
1451 East Market Street in Warren, Ohio is a versatile three-story mixed-use property offering approximately 4,700 square feet of space on a 0.66-acre lot. ATTN investor's property has an extremely profitable cap rate of 13.4% with room for additional rent recovery. The ground floor is configured as a former medical office, featuring a reception area, staff office, four exam rooms, a treatment room, a private office, a kitchenette, and three restrooms. The second floor contains two well-appointed residential apartments, each with a living room, kitchen, bedroom, and full bathroom, and each with its own private entrance—making the property ideal for generating rental income or accommodating live-work arrangements. The third floor, previously used for records storage, includes a half bath and presents potential for additional functional space depending on future needs and zoning approvals. Located directly across from the old Trumbull Memorial Hospital, the property is well-positioned for medical or professional use, while the ample on-site parking—approximately 25 spaces—supports both commercial and residential activities. Its Residential B zoning and mixed-use layout provide flexibility for investors, owner-users, or those interested in adaptive reuse opportunities. This property includes 2 parcels. There is also the vacant city lot available for development on north side of parking lot. Strong rent roll. Call today to schedule a showing!