Elm St. & Madison Ave.
802 Elm St.
Youngstown, OH 44505
Highlights
- Prime real estate on the corner of Elm. St. and Madison Ave.
- Redevelopment opportunity
- Possible uses: student housing; retail; restaurant; bar
Description
Location is the highlight of this retail and apartment building on the corner of Elm Street and Madison Avenue. It is directly across the street from YSU Campus housing and surrounded by apartment complexes. The sale consistes of two parcels - one that the building is on, and another parcel that is used as parking. The sellers have the small parcel directly west of the building that has several judgement liens from the previous owners that the current owners are clearing prior to a sale of that parcel (pid 53-005-0-383.0). The seller will lease that parcel to the buyers for the cost of real estate taxes for that parcel until the liens are cleared.
Real estate taxes for the parcel with the building on it is $7,872.66 per year, the small parcels to the west of the buildig are averaging around $66 a year for real estate taxes. The curb appeal is vintage, with windows across the front of the building. There are 8 apartment units total, four on the 2nd floor and four on the third floor. All apartment apppliances and cabinets have been removed. The retail can be separated into separate storefronts. This is a redevelopment property, and is currently sold "as is". Sellers "winterized" the building and do not have much more information regarding the utilities and utility costs. Sellers will consider all written offers for a sale. Please direct all communications and offers though listing agent.
Across the street from Youngstown State University Student Housing and the YSU Campus, one block from Wick Park, a few blocks from St. Elizabeth's Hospital, and .5 miles from Stambaugh Stadium. This is an excellent location for redevelopment. Sellers offer the building in "as is condition". All inquiries can be directed to the listing agent.
