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 commercial corridor on the northwest side of Warren, Ohio. The property is positioned within a mix of residential neighborhoods and established local businesses. Nearby amenities include grocery stores, fast-food franchises, and service-oriented shops. This location offers direct frontage on Parkman Road (State Route 422), a primary thoroughfare providing connectivity to downtown Warren and surrounding Mahoning Valley suburbs. The site is accessible via local bus routes and is within a short distance of major regional highways. The asset is suited for various retail and service-based applications, including specialty boutiques, convenience stores, or professional offices. The layout and high-visibility road frontage cater to tenants requiring frequent customer turnover and signage opportunities. A typical tenant profile for this location includes local small business owners or regional retailers looking to serve the surrounding residential demographic. The property’s footprint supports businesses that rely on consistent vehicular traffic and ease of access for neighborhood commuters.

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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

Location & Travel Times