44485 Ohio Commercial Properties for Sale

44485 Ohio Commercial Properties for Sale

$114,900
5199948 MLS
A Beautiful CHURCH to Call HOME... Enter into the Lobby Area .. (Choice #1)-THEN Go Up a few steps to the Children/Youth Sanctuary OR Down a few Steps to the Youth Room OR FROM the Lobby Area .. (Choice #2)-THEN Go into the Hallway to Rooms/ Courtyard OR FROM the Lobby Area.. (Choice #3)- Go TO the Main Sanctuary passing through the Coat Drop-off area first ... THEN into the Main Level Sanctuary of 32 padded pews. This Sanctuary has Speakers, Sound Equipment, Projector options, Piano, possibly an Organ, Altar-Full size with a Baptistry for viewing. On both sides of the Altar area are Large Rooms (#1-Library-Meeting area) and (#2-Another Meeting-Resource area). This connects to a Over-Flow for more seating of 6 Larger pews, extra Piano and Closet with Decorations which a Curtain divides from the Main Sanctuary. Next to the Over-flow/ Main Sanctuary is the Women's Restroom and the Nursery. Throughout this Well-built Church, of (Choice #2)- spacious Hallways to an Office and Pastor's Office which across the Hallway is a Courtyard. Continue through the Hallway located is a Large Banquet Room with 13(or more) Tables and Chairs attached to the Spacious Full Kitchen for All Needs. Also Men's Restroom and then Janitorial Storage .. Then Another Large Open room with more tables, chairs for any other need which has a door that opens to the Back Parking Lot. This CHURCH is Fully Furnished with All Items Staying. ZONING: Residential C (Dental, Medical, Professional Offices, Daycare. And if other interests: Possible if fill a Variance Application with the City accepted. No Restauants, Drinking Establishments, ETC. Possible multi-Residence if a Variance Application with the City accepted. Call Today..

1951 Parkman Road, Warren

Listing Courtesy of: Joyce A Kissinger, joycekissinger1@gmail.com With Russell Real Estate Services

$1,800,000
5189071 MLS
Beal St Apartments is a 24-unit garden-style multifamily asset built in 1974 in Warren, Ohio, offered at just $83,333 per door with a 9.49% cap rate on trailing-twelve actuals. The property is currently 96% occupied with only a single vacancy, and delivered $189,881 in T12 NOI on $230,968 in effective gross income. The T3 annualized numbers are even stronger: $200,529 in NOI, pushing the cap rate above 10%. At this basis, you are buying real, in-place income with room to run. Current average rent sits at $809 per unit per month. The tenant mix is anchored by LG, which leases 14 of the 24 units, providing a reliable, institutional-backed income stream that adds stability to the cash flow profile. Total operating expenses came in at just $41,087 for the trailing twelve, and the only meaningful proforma adjustment is layering in professional management at 6% of EGI ($14,742 annually), since the current owner self-manages. Even fully loaded, EOY 1 proforma NOI holds firm at $189,871 and the 9.49% cap. This is a well-run building that does not need a turnaround to deliver returns. The macro story unfolding in the Warren-Lordstown corridor is hard to ignore. Kimberly-Clark is deploying roughly $960 million into a new manufacturing plant and distribution center, bringing 491-600 jobs by end of 2026 with nearly $50 million in annual payroll. Ultium Cells operates a $2.3 billion battery plant in Lordstown with 1,700 employees. SoftBank is investing $3 billion to convert the former GM Lordstown Assembly into an AI manufacturing facility for the Stargate project. The state has committed $17.4 million in road infrastructure upgrades around the corridor. Billions in capital, thousands of new jobs, and a tight rental market all driving housing demand in a submarket where you can still buy at $83,333 a door. Cash flow is here now, and the upside is being built around you in real time. Let's chat.

3100 Beal St. NW, Warren

Listing Courtesy of: Tal Tamir, tal@premierclevelandinvesting.com With Russell Real Estate Services

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44485 Ohio Commercial Properties

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