2343 E Pershing St

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2343 E Pershing St

Salem, OH 44460
Asking Price
Contact for price
Asset Type
Land
Class
Class B

What's Special

2343 E Pershing St is located in the eastern portion of Salem, Ohio, within a mixed-use corridor characterized by small businesses and residential neighborhoods. The property sits near the intersection of East Pershing Street and Southeast Boulevard, providing direct access to local transit routes. Notable nearby amenities include various retail plazas, grocery stores, and medical offices situated along the State Route 14 corridor. The site benefits from level topography and existing street frontage, offering proximity to both the city center and regional arterial roads connecting to Youngstown and Canton. Given its positioning near established commercial activity, the land is suited for light commercial development or small-scale professional office space. Potential use cases include retail pads, service-oriented storefronts, or private parking facilities. The asset profile typically attracts local developers, owner-users seeking to build custom facilities, or investors interested in long-term ground leases. The surrounding demographic supports businesses oriented toward neighborhood services, medical clinics, or administrative offices that require a centralized, accessible location within the Salem submarket.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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