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Trumbull Plaza 2587 Parkman Rd NW, Warren, OH 44485
  • SF: 180,488 sq. ft
  • acres 18.52
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  • Full Offering Memorandum
  • 2587 Parkman Rd NW

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      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

    2587 Parkman Rd NW

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