2955 E State St | Salem, OH 44460
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2955 E State St
Salem, OH 44460
Walmart Shadow Center | Upside (17% Vacancy) · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 83% Occupied, Value-Add Multi-Tenant Center Shadow Anchored by Walmart Supercenter and Directly Across From Home Depot
- Attractive 7.50% CAP Rate and Significant Upside Through the Lease-Up of the Last 2 Remaining Vacant Units (17% Vacancy)
- Excellent Frontage Along State Street (US-14) with Prominent Pylon Signage, Frontage and High Visibility
- Two Purchase Options: New Financing OR with Assumable Debt at a 4.75% Interest Rate, Approx. 5.5 Years of Term Remaining, 25-Yr. Am
- Main Retail Corridor: Surrounded by Complimentary Retailers Along the Most Heavily Traveled Roadway Through Salem
- Advantageously Located Between Major Cities: Youngstown (20 Miles) and Akron/Canton (25 Miles)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
16,038 SF
Building Class
B
Year Built
2003
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
1.35 AC
Zoning
Commercial
Parking
40 Spaces (2.49 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 56-017-0-003.03-0 | Improvements Assessment | $504,930 |
| Land Assessment | $164,050 | Total Assessment | $668,980 |
PROPERTY TAXES
Parcel Number
56-017-0-003.03-0
Land Assessment
$164,050
Improvements Assessment
$504,930
Total Assessment
$668,980
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