540 Midlothian BlvdYoungstown, OH 44502

Property Details for 540 Midlothian Blvd

Lot size

0.31 AC

Property type

Retail properties

Property subtype

Retail space

APN

53-117-0-653.00-0

APU

531170653000

Description

This exceptional 10,521-square-foot freestanding retail building, formerly a Rite Aid, is available for sale or lease in Youngstown, Ohio. Situated on a highly visible 1.6-acre corner lot at 540 E Midlothian Blvd, 44502, this Class B property boasts a strategic location with over 25,000 combined vehicles passing daily. The property benefits from excellent visibility and accessibility, featuring full ingress/egress on both E Midlothian Blvd and South Ave. Ample parking is available with over 70 spaces. The building includes a valuable double drive-thru lane, ideal for businesses requiring quick customer service or pickup options. This location is surrounded by a strong retail environment, including nearby Dollar General, Family Dollar, Popeyes, Wendy's, Handel's Ice Cream, Huntington Bank, Speedway, and Shell. The surrounding area demonstrates strong demographics, with average household incomes exceeding $73,954 within a 5-mile radius. This presents a unique opportunity for a variety of retail uses to capitalize on the high traffic count and established commercial presence. The property's size and features make it suitable for a range of businesses seeking a prominent location in a thriving area. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $3,750,582

  6.5%

  $3,462,076

  7%

  $3,214,785

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,162,430

  Geo Method

  $3,162,430

• Alternative Use

  Use

  Valuation

  Residential

  $2,920,390

  Hospitality

  $2,675,062

  Educational

  $2,225,620

  Medical

  $2,302,162

  Retail

  $3,462,076

Location Insight

City

Youngstown

County

Mahoning

State

Ohio

Latitude

41.0612

Longitude

-80.6446

CBSA code

49660

CBSA name

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

Property Tax & Assessments

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