Struthers, Ohio Commercial Real Estate 0 Listings

Struthers, Ohio: A Premier Destination for Commercial Real Estate

Introduction

Struthers, Ohio, located in the northeastern part of the state, presents a compelling opportunity for commercial real estate (CRE) investors and professionals. With a population of approximately 10,000, Struthers is part of the Youngstown-Warren-Boardman metropolitan area, which is known for its rich industrial heritage. The city's strategic location and its evolving economy make it an attractive hub for various commercial activities. Struthers is poised for growth, driven by key industries such as manufacturing, logistics, and healthcare, enhancing its appeal for diverse CRE asset classes.

Economic and Industry Overview

Struthers is deeply embedded in the industrial and manufacturing sector, benefiting from its proximity to major industry clusters in the region. The city's economy is supported by sectors such as:

Manufacturing: The legacy of steel manufacturing still influences the area's economic landscape, with several companies engaged in metal fabrication and production.
Logistics and Distribution: The city's strategic location near key transportation routes makes it ideal for logistics companies seeking efficient distribution solutions.
Healthcare: The presence of healthcare facilities in the region drives demand for medical office spaces and related commercial properties.

The Mahoning Valley Economic Development Corporation actively promotes regional growth, providing resources and support for businesses looking to expand or relocate in Struthers.

Strategic Location and Transportation Infrastructure

Struthers offers excellent connectivity through various transportation infrastructures:

Highways: Located near Interstate 680, Struthers provides easy access to the Ohio Turnpike (I-80) and other major routes.
Airports: The Youngstown-Warren Regional Airport is a short drive away, facilitating air travel and cargo transport.
Rail Lines: The presence of rail lines enhances the city's logistics capabilities, supporting freight and industrial development.

These transportation assets position Struthers as a logistical hub, providing access to labor pools and major markets in the Great Lakes region.

Department of Transportation
Youngstown-Warren Regional Airport

Commercial Real Estate Inventory & Zoning

Struthers encompasses various CRE submarkets, including:

Industrial Corridors: Ideal for manufacturing and logistics, offering large parcels and flexible zoning.
Retail Spaces: Opportunities for retail development in emerging commercial districts.
Office Spaces: Suitable for small to medium-sized enterprises, with potential for adaptive reuse of industrial buildings.

The city offers incentives for developers, including tax abatements and grants for projects that align with local economic goals. Zoning maps and further details can be accessed via the city's planning department.

City Zoning Maps

Major Employers and Institutions

Struthers hosts several key employers that drive demand for CRE:

Youngstown State University: Located nearby, contributing to the demand for multifamily and commercial properties.
Steel and Manufacturing Companies: Several long-standing companies anchor the local economy.
Healthcare Facilities: The presence of medical centers supports the need for healthcare-related real estate.

These institutions and companies foster a stable economic environment conducive to CRE investment.

City Business Directory

Notable Commercial Developments & Projects

Several significant developments are shaping Struthers' CRE landscape:

Mixed-Use Developments: Projects incorporating residential, retail, and office spaces are gaining traction.
Innovation Parks: Initiatives focused on tech and research industries are emerging, supported by public-private partnerships.

Opportunity Zones provide additional incentives for investors seeking to capitalize on tax benefits.

Planning Department

Building Permits, Planning, and Development Tools

For developers and investors, the following resources are available:

These tools facilitate streamlined development processes and provide comprehensive planning information.

Market Data & Economic Reports

Struthers offers access to various public data sets for market analysis:

Brevitas leverages AI-powered aggregation from these public sources and internal insights, offering dynamic dashboards and market intelligence for Struthers, Ohio.