2587 Parkman Rd NW

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2587 Parkman Rd NW

warren, OH 44485
Asking Price
$1.90M
Asset Type
Retail
Class
Class B

What's Special

2587 Parkman Rd NW is situated in a high-traffic commercial corridor on the northwest side of Warren, Ohio. The neighborhood is characterized by a mix of established residential pockets and dense retail development. The property benefits from excellent visibility and direct access to State Route 422, a primary regional artery. Nearby amenities include national grocery chains, quick-service restaurants, and local automotive services, ensuring a steady flow of local consumers. Public transportation stops are located within walking distance, providing accessibility for both commuters and residents from the surrounding Trumbull County area. The property is well-suited for a variety of retail applications, including neighborhood convenience stores, specialty boutiques, or service-oriented businesses. Its configuration supports high-volume foot traffic and provides ample surface parking for customers. Ideal tenants include regional franchises, discount retailers, or professional service providers like insurance agencies and cellular showrooms that require prominent signage and easy road access. Given the demographic density of the surrounding area, the site is positioned for businesses that cater to daily consumer needs and frequent errand-based trips within the local community.

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NOI
$80,000
Cap Rate
4.21%
DSCR
0.71
Underwater
Cash-on-Cash
-5.75%
Monthly Payment
$9,400.163
Annual Cash Flow
$-32,801.96

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