3527 Canfield RdYoungstown, OH 44511

Property Details for 3527 Canfield Rd

Year built

1965

Lot size

1.41 AC

Property size (Sq ft)

19,090 SF

Property type

Retail properties

Property subtype

Drug stores

APN

53-151-0-057.00-0

APU

531510057000

Description

This exceptional retail opportunity presents a freestanding, 19,429-square-foot building situated on a 1.41-acre lot in Youngstown, Ohio. Previously occupied by a Rite Aid, this property offers significant potential for a variety of retail uses. The building features a flexible layout, including a large former Rite Aid space (11,688 SF), a 2,080-square-foot tanning salon currently operating on a month-to-month lease, and a 5,661-square-foot endcap space. A total of 17,349 square feet is currently vacant, providing ample space for a new tenant or expansion. The property is zoned MU-C Community, allowing for diverse commercial development. Located at 3527 Canfield Rd, Youngstown, OH 44511, with convenient access to Tippecanoe Rd, this high-visibility location offers excellent exposure to significant traffic volume. The property is available for sale or lease, presenting a unique opportunity for investors and businesses seeking a prominent presence in a thriving community. The expansive lot size provides ample parking and potential for future development. This is a rare chance to acquire a well-located, substantial retail property with significant upside potential in Mahoning County. Serious inquiries are encouraged to explore this exceptional opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $5,336,808

  6.5%

  $4,926,284

  7%

  $4,574,406

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,499,910

  Geo Method

  $4,499,910

• Alternative Use

  Use

  Valuation

  Residential

  $4,155,505

  Hospitality

  $3,806,420

  Educational

  $3,166,897

  Medical

  $3,275,811

  Retail

  $4,926,284

Location Insight

City

Youngstown

County

Mahoning

State

Ohio

Latitude

41.0623

Longitude

-80.7105

CBSA code

49660

CBSA name

YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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