361 Elm Rd NE
Warren, OH 44483
Specialty Property For Sale · 20,932 SF

Potential Uses This property is ready to evolve into the new vision of Warren as a place of entertainment. The type and location of the building lend themselves to a wide range of possible uses. These include (subject to zoning): Hotel, conference center or both Hotel and conference center, training or educational use, entertainment activities, offices, bank, apartments, mixed commercial residential use, other mixed uses. The front and back buildings may be separated and adopted to different uses. Condition The building is brick and solid, the roof is in generally good condition and there are no major structural issues that the seller is aware of. The property needs a rehab and the city had issued a violation notice mainly because of the condition of the columns bases which have since been repaired. The roof was also checked, and repairs made to leaks that were found to be coming mostly from the ventilation ducts rather than the roof itself. The remaining violations mostly relate to the existing services equipment, heating, ventilation systems, electrics and plumbing will nevertheless need to be redone according to the new use. The wide-open rooms give clear ceiling span to install ductwork and modern utilities at ceiling height and still be able to have tall ceilings (even with a dropped ceiling). The buyer will be required prior to closing to sign an affidavit to confirm they will take responsibility for the repair of the building. The city does not wish for such an important building to be left undeveloped or vacant, so buyers need to be aware that this property is suitable for an investor who plans to rehab and develop the property rather than just sit on it. Great Location Location is the key to all real estate and this property is in a great location. It is 1.98 acres in Downtown Warren. The property is located in Downtown Warren on Elm Road with over 300 feet of frontage this main road. It is moments away from the Sunrise Inn, the Mocha House Café, and within walking distance of the Amphitheatre, Courthouse Square, the Lime Tree Pub, Beautiful Whirled Smoothie Shop, The Speakeasy Lounge, and Modern Methods Brewery in David Grohl Alley. The property is very walkable with a walkscore of 71. It close to excellent local facilities and amenities: YOU GET HISTORY AND BEAUTIFUL FIXTURES AND YOU ALSO GET A GREAT LOCATION Real Estate Taxes: Trumbull County OH - Two parcels: Parcel ID: 38-864113 and 39-003519 PROPERTY IS SOLD AS IS, WHERE IS-