Strip Mall Property on Signalized
For Sale
Contact for pricing
11734 South Avenue, North Lima, OH 44452
Signalized corner retail asset with approximately 25,000 vehicles per day and strong suburban consumer base nearby.
Property Size23,616 SF
Price / SF$97.39
Days on Market146
Property Features for 11734 South Avenue
General Information
Standard status
Active
Size
23,616 SF
Total Parking Spaces
114
Property subtype
Retail
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Value Add
Net Operating Income
$178,517
Additional Details
Traffic Count
25,000 vehicles/day
Building Details
Year Built
1962
Year Renovated
2018
Tenancy
Multi
Listing Agency:
Cooper Commercial Investment Group
Listed By:
Dan Cooper · License #OH 009003618
(216) 562-1981
Source:
Crexi
Added: May 28
Changed: Oct 7
Last Checked: Oct 19 at 3:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cooper Commercial Investment Group
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Investment Insights
Based on property information with market context.
This strip mall property is positioned on a signalized corner, designed to serve retail and service needs within North Lima’s suburban commercial corridor. The listing is marketed as a community shopping center option within the greater Youngstown market.
Located in Beaver Township within Mahoning County, the property sits roughly 10 miles south of Downtown Youngstown and near the Pennsylvania state line. Visibility and access are supported by a signalized corner with traffic counts reaching approximately 25,000 vehicles per day. The broader area benefits from immediate connectivity to Interstate 76, Interstate 80, and Interstate 680, supporting efficient regional access across Northeast Ohio and Western Pennsylvania.
North Lima’s surrounding residential base is described as affluent, with average household income over $143,000 within a 1-mile radius, and a business-friendly environment. The local employment landscape is supported by major regional institutions and employers, including Mercy Health, Youngstown State University, and Compco Industries. Healthcare presence is further anchored by Mercy Health - St. Elizabeth Boardman Hospital (3 miles away, 800+ employees, 224 beds), with additional support from Akron Children’s Boardman Campus (5 miles away with 7,000 employees system-wide). This combination of household income, hospital employment, and regional highway access can help retail tenants and buyers target a stable customer base in the North Lima corridor.
Located in Beaver Township within Mahoning County, the property sits roughly 10 miles south of Downtown Youngstown and near the Pennsylvania state line. Visibility and access are supported by a signalized corner with traffic counts reaching approximately 25,000 vehicles per day. The broader area benefits from immediate connectivity to Interstate 76, Interstate 80, and Interstate 680, supporting efficient regional access across Northeast Ohio and Western Pennsylvania.
North Lima’s surrounding residential base is described as affluent, with average household income over $143,000 within a 1-mile radius, and a business-friendly environment. The local employment landscape is supported by major regional institutions and employers, including Mercy Health, Youngstown State University, and Compco Industries. Healthcare presence is further anchored by Mercy Health - St. Elizabeth Boardman Hospital (3 miles away, 800+ employees, 224 beds), with additional support from Akron Children’s Boardman Campus (5 miles away with 7,000 employees system-wide). This combination of household income, hospital employment, and regional highway access can help retail tenants and buyers target a stable customer base in the North Lima corridor.
Key Highlights
- Signalized corner retail asset with approximately 25,000 vehicles per day traffic counts
- Year built: 1962
- Located about 10 miles south of Downtown Youngstown, near the Pennsylvania state line
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,390
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,487,800
$1.5M
Cap Rate 7%
$1,062,714
$1.1M
Cap Rate 9%
$826,556
$826.6K
Market Conditions
NOI Build-Up for 23,616 SF
Gross rent
$141.7K $6.00/SF
− Vacancy
−$35.4K −$1.50/SF
EGI
$106.3K $4.50/SF
− OpEx
−$31.9K −$1.35/SF
NOI
$74.4K $3.15/SF
Area
Mahoning County, OH
Vacancy
25.00%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,487,800
Cap Rate 7%
$1,062,714
Cap Rate 9%
$826,556
Alternative Uses
Best Use
Retail
$1.06M
$929.9K – $1.24M
NOI $74,390 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.46M
$3.90M – $5.20M
NOI $311,958 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
25,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
38k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 46%
Home Improvements & Furnishings 5%
Dollar Tree
Shops & Services
11,160 visits/mo
0.1 miles
Dunkin' Donuts
Dining
8,535 visits/mo
0.0 miles
Dollar General
Shops & Services
7,439 visits/mo
0.1 miles
Arby's
Dining
6,828 visits/mo
0.1 miles
Crouse Mills True Value Store
Home Improvements & Furnishings
1,813 visits/mo
0.1 miles
Demographics for 44452, OH
3,114
Population
1,166
Households
2.7
Avg Household Size
50
Median Age
28%
College-Educated
92%
High-School Grad
13.7 sq mi
ZIP Area
227
Density / Sq Mi
$60,000
Median Household Income
$44,875
Median Earnings
$738
Median Rent
$223,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Lemon Drop Lane — 11839 South Ave, North Lima, OH 44452
- Old School Marketplace — 11836 South Ave, North Lima, OH 44452
Frequently Asked Questions
What type of property is this?
Shopping center - Signalized corner retail asset with approximately 25,000 vehicles per day and strong suburban consumer base nearby.
Where is this shopping center located?
The property is located at 11734 South Avenue North Lima, OH.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Signalized corner retail asset with approximately 25,000 vehicles per day traffic counts; Year built: 1962; Located about 10 miles south of Downtown Youngstown, near the Pennsylvania state line
