Absolute Auction: Prime Value‑Add in Warren OH
Redevelopment Opportunity | Auction Dates: June 11 - 23, 2026
Marketing description
As the exclusive listing agent, The French Retail Team at 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.
Investment highlights
REDEVELOPMENT OPPORTUNITY IN DOWNTOWN WARREN
The 100% vacant, recently renovated 22,082-square-foot freestanding building offers a prime redevelopment opportunity and is being offered via absolute auction.
REPURPOSING OPPORTUNITY WITH TAX INCENTIVES
Located in a designated Trumbull County Opportunity Zone, the property offers state and local tax incentives that support redevelopment and repurposing—an attractive advantage for value‑add investors.
STRATEGIC DOWNTOWN LOCATION & ACCESSIBILITY
Positioned in Downtown Warren’s Historic District, the property benefits from direct access to U.S. Route 422 and proximity to key demand drivers including the Robins Theatre, Eastwood Mall, and St. Joseph Warren Hospital.
ROBUST LOCAL ECONOMIC GROWTH & DEVELOPMENT
The local economy is strengthened by major investments such as Kimberly‑Clark’s $800 million manufacturing facility and Dillin Corp.’s planned $150 million “The Peninsula” mixed‑use development, supporting long‑term retail demand.
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