Main Content
- SF: 180,488 sq. ft
- acres 18.52
- Request Info
- Full Offering Memorandum
2587 Parkman Rd NW
Agent(s): Kyle Hartung
- Price $2,500,000
- Status For Sale
- Property Type Investment Sales
About This Property
For sale to qualified investors is the fee simple interest in Trumbull Plaza, a 180,488 square foot shopping center located in Warren, Ohio. The asset presents a rare market opportunity with extreme value-add potential. The property is currently 49% occupied and offered at only $29 per square foot. Grocery anchored by regional grocer Sparkle Market (18 stores) since 1989, the shopping center features Dollar Tree, Little Caesar’s Pizza, and Metro PCS. Vacancies include a 94,114 square foot former Kmart, an outlot opportunity, and various-sized inline spaces. Projections to 85% occupancy show over $2.8 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