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9699096
9699097

2587 Parkman Rd NW, Warren, OH 44485

KH
OH SAL.2003016343
Goodman Real Estate Services Group LLC
Listed by Goodman Real Estate Services Group LLC
$1,900,000
151 days on market
Updated 47 days ago

Value Add Retail with Rural King Shadow Anchor

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 86,374
Occupancy 17%
Tenancy Multi
Brand/Tenant Dollar Tree, Little Caesars
Lease Type NN
Pro-Forma Cap Rate 22.41%
Pro-Forma NOI $425,744
Price per SqFt $22
Buildings 3
Acreage 12.210
Investment Type Value Add
Ownership Fee Simple

Retail | 86,374 SqFt

Marketing description

For sale to qualified investors is the fee simple interest in Trumbull Plaza, a 86,374 square foot shopping center located in Warren, Ohio. The asset presents a rare market opportunity with extreme value-add potential. The property is currently 17% occupied and offered at only $22 per square foot. The shopping center features Dollar Tree, Little Caesar’s Pizza, and Metro PCS. Vacancies range in size from 782 to nearly 13,000 square feet, with the opportunity to combine spaces for a larger junior anchor. The large parking field also presents an opportunity to add an outlot to the property. Projections to 82% occupancy show nearly $3 million of potential value creation. The property is situated amongst a dense population base with nearby access to the Warren Outer Belt (Route 82). Nearby national tenants include Aldi, CVS, McDonald’s, PNC Bank, Autozone, O’Reilly, Dollar General, Rite Aid, and others.

Investment highlights

  • RARE EXTREME VALUE ADD OPPORTUNITY

  • 49% Actual Occupancy Provides Significant Upside

  • Rural King Shadow Anchor Store NOW OPEN

  • Priced Far Below Replacement Cost at $29 Per Square Foot

  • Projected Lease Up Adds Nearly $3,000,000 of Value

  • Grocery Anchored by Sparkle Market (Regional Chain of 18 Stores)

  • Includes Future Outlot Opportunity Adjacent McDonald’s

Listing Contacts

KH
OH SAL.2003016343
Goodman Real Estate Services Group LLC
Listed by Goodman Real Estate Services Group LLC

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Zoning

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CB CommercialSpecial CommercialCommercial B
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Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics

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