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Former School | Prime Downtown Redevelopment 458 Franklin St 22,082 SF Specialty Building Online Auction Sale Warren, OH 44483
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Investment Highlights
- 458 Franklin Street presents a 1.44-acre parcel improved by a 22,082-square-foot, single-story building, formerly known as River Gate High School.
- Prime opportunity to repurpose a former school building, supported by state and local tax incentives via the Trumbull County Opportunity Zone.
- Warren, historically a manufacturing city, has been economically reinventing itself over the years via new businesses and developments.
- Located in Downtown Warren’s Historic District, near the recently renovated Robins Theatre, Eastwood Mall, and the St. Joseph Warren Hospital.
- Current build-out includes several classrooms, private offices, a dedicated retail space, ample surface parking, and side and front door signage.
- Absolute auction | Starting bid $1.
Executive Summary
As the exclusive listing agent, Marcus & Millichap presents the investment opportunity to acquire 458 Franklin Street, a freestanding, blank canvas primed for redevelopment in Downtown Warren, Ohio.
The subject building spans 22,082 square feet on a 1.44-acre parcel and faces the intersection of Franklin Street and Elm Road. Formerly a local high school, the building’s interior includes classrooms, offices, and retail space. Recognized in Trumbull County’s Opportunity Zone, the property benefits from tax incentives that make new development projects more attractive, supporting growth in Warren’s local workforce and economy.
Warren, Ohio, just north of Youngstown and less than 90 minutes from Cleveland, is known as a quiet suburb with a historic downtown core. 458 Franklin Street is close to the Trumbull County Courthouse, Warren Municipal Court, the historically renovated Robins Theatre, and the Eastwood Mall complex. National retailers lining the commercial corridor of Downtown Warren include Family Dollar, Dunkin’, Rally’s, and Walgreens. Nearby, the Eastwood Mall is anchored by Target, Kohl’s, Hobby Lobby, and Burlington.
Warren's cultural centers include the Trumbull Art Gallery, the National Packard Museum, and the Harriet Taylor Upton House. Live entertainment takes place at the Robins Theatre and the W.D. Packard Music Hall. The Grand Resort, a regional destination, features a luxury hotel and spa, four championship golf courses, multiple dining venues, a cigar lounge, and The Medici art museum.
The broader Youngstown market’s relative affordability remains a competitive advantage, with housing and business costs well below national averages. This cost structure enables employers to operate with lower overhead and provides residents with a lower cost of living than nearby larger metros, supporting stable demand across industrial, healthcare, and service-oriented sectors.
Property tours are by appointment only. Please contact the listing broker to schedule.
Broker of Record: Michael Glass, OH License #BRK.2007005898
The subject building spans 22,082 square feet on a 1.44-acre parcel and faces the intersection of Franklin Street and Elm Road. Formerly a local high school, the building’s interior includes classrooms, offices, and retail space. Recognized in Trumbull County’s Opportunity Zone, the property benefits from tax incentives that make new development projects more attractive, supporting growth in Warren’s local workforce and economy.
Warren, Ohio, just north of Youngstown and less than 90 minutes from Cleveland, is known as a quiet suburb with a historic downtown core. 458 Franklin Street is close to the Trumbull County Courthouse, Warren Municipal Court, the historically renovated Robins Theatre, and the Eastwood Mall complex. National retailers lining the commercial corridor of Downtown Warren include Family Dollar, Dunkin’, Rally’s, and Walgreens. Nearby, the Eastwood Mall is anchored by Target, Kohl’s, Hobby Lobby, and Burlington.
Warren's cultural centers include the Trumbull Art Gallery, the National Packard Museum, and the Harriet Taylor Upton House. Live entertainment takes place at the Robins Theatre and the W.D. Packard Music Hall. The Grand Resort, a regional destination, features a luxury hotel and spa, four championship golf courses, multiple dining venues, a cigar lounge, and The Medici art museum.
The broader Youngstown market’s relative affordability remains a competitive advantage, with housing and business costs well below national averages. This cost structure enables employers to operate with lower overhead and provides residents with a lower cost of living than nearby larger metros, supporting stable demand across industrial, healthcare, and service-oriented sectors.
Property tours are by appointment only. Please contact the listing broker to schedule.
Broker of Record: Michael Glass, OH License #BRK.2007005898
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Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Property Facts
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Sale Advisors
Sale Advisors
Kodi Traver, Licensed Real Estate Salesperson
Kodi Traver joined Marcus & Millichap at the end of 2019 and is affiliated with the French Retail Team, a top-producing retail team. He focuses on representing owners and developers in the disposition of commercial real estate assets in the Northeast and has built a brand as an expert in secondary & tertiary market dispositions. Mr. Traver has represented institutions, REITS, private equity funds, public companies, private companies, developers, and private investors on assets ranging in size from $5 million to $25 million. Within his first three years, he closed over 20 transactions valued at over $60 million, earning him the following awards: 2020 Marcus & Millichap Rookie of the Year, 2020 Marcus & Millichap Pace Setter, 2021 CoStar Power Broker, and 2022 Marcus & Millichap Rising Star. In his free time, Mr. Traver enjoys sailing, skiing, fishing, golfing, and spending time with his wife and children.
Joseph French, Licensed Associate Real Estate Broker
Joseph French boasts an extensive career spanning over 30 years, marked by proficiency in development, asset and property management, leasing, and investment sales. With a track record encompassing sales of more than 300 properties totaling over 25 million square feet and exceeding $5 billion in value, French has navigated various market cycles with finesse.
A respected figure in the industry, Mr. French’s insights have been featured in prominent publications such as Shopping Centers Today, GlobeSt.com, Retail Traffic, CCIM Magazine, and National Real Estate Investor. He has also graced numerous industry conferences as a featured speaker. Mr. French has received numerous awards over the years. A few of his most recent include the “Best of White Plains Award” for the 9th consecutive year in the Real Estate & Construction category, as well as being selected as one of the New York & Tri-State winners in Connect CRE’s 2024 Top Broker Awards.
French also consistently ranked among Sperry Van Ness’ Top 10 Brokers and received multiple National Achievement Awards from Marcus & Millichap highlighting his exceptional contributions. Holding the esteemed CCIM designation and real estate broker licenses in New York, New Jersey, Pennsylvania, Connecticut, and Massachusetts, French brings a wealth of expertise to his role. Before joining Marcus & Millichap, he served in key leadership positions at Sperry Van Ness and The Hutensky Group and also founded his own successful firm focusing on urban retail projects. His previous roles at renowned firms like Landau & Heyman, Brandenberg Realty, and CS Brown Associates further enrich his extensive professional background.
In March, 2020, French authored a book titled “French Lessons: Letters to my Daughters”, which combines an autobiographical portrait of a highly successful, real-estate investment adviser with advice about business and life, communicated through letters from French to his three adult daughters.
A respected figure in the industry, Mr. French’s insights have been featured in prominent publications such as Shopping Centers Today, GlobeSt.com, Retail Traffic, CCIM Magazine, and National Real Estate Investor. He has also graced numerous industry conferences as a featured speaker. Mr. French has received numerous awards over the years. A few of his most recent include the “Best of White Plains Award” for the 9th consecutive year in the Real Estate & Construction category, as well as being selected as one of the New York & Tri-State winners in Connect CRE’s 2024 Top Broker Awards.
French also consistently ranked among Sperry Van Ness’ Top 10 Brokers and received multiple National Achievement Awards from Marcus & Millichap highlighting his exceptional contributions. Holding the esteemed CCIM designation and real estate broker licenses in New York, New Jersey, Pennsylvania, Connecticut, and Massachusetts, French brings a wealth of expertise to his role. Before joining Marcus & Millichap, he served in key leadership positions at Sperry Van Ness and The Hutensky Group and also founded his own successful firm focusing on urban retail projects. His previous roles at renowned firms like Landau & Heyman, Brandenberg Realty, and CS Brown Associates further enrich his extensive professional background.
In March, 2020, French authored a book titled “French Lessons: Letters to my Daughters”, which combines an autobiographical portrait of a highly successful, real-estate investment adviser with advice about business and life, communicated through letters from French to his three adult daughters.
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Auctioneer License:
Ten-X Commercial, LLC Samantha Corbat RE Brkr REC.2019003563; Ohio Department of Agriculture- Auctioneer Program: Ten-X Commercial, Inc. (Ten-X, Inc.) Auctioneer Corporation 2022000147 Samantha Corbat Auctioneer 2023000126
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Former School | Prime Downtown Redevelopment | 458 Franklin St
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