1451 E Market St

This versatile three-story property offers approximately **4,700 square feet** on a **0.66-acre corner lot** and boasts a strong **13.4% cap rate** with additional upside potential through future rent increases and property improvements. The first floor is currently configured as a professional medical office featuring a welcoming reception area, staff office, four exam rooms, treatment room, private office, kitchenette, and three restrooms. The second floor includes **two private-entry residential apartments**, each offering a living room, kitchen, bedroom, and full bath—creating multiple income streams and live-work possibilities. The third floor includes a half bath and was previously utilized for records storage, offering potential for additional office, storage, or income-producing space subject to zoning and approvals. Positioned directly across from the former Trumbull Memorial Hospital campus, this highly visible location is ideal for medical, professional, service-based businesses, or investors seeking a stable income-producing asset. The property includes approximately **25 on-site parking spaces**, **two parcels**, and benefits from **Residential B zoning**, allowing flexibility for a variety of future uses. As an added bonus, a **vacant city lot adjacent to the north side of the parking lot may be available for future development**, creating even more long-term value potential.