Strip Mall Property on Signalized
11734 South Avenue North Lima, OH 44452
11734 South Avenue, North Lima, OH, 44452
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For Sale
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Signalized corner retail asset with approximately 25,000 vehicles per day and strong suburban consumer base nearby.
Property Size23,616 SF
Price / SF$99.09
Days on Market55
Property Features for 11734 South Avenue
General Information
- Standard status
- Active
- Size
- 23,616 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1962
Listing agency
Cooper Commercial Investment Group
(216) 562-1981
Listed by
Dan Cooper · License #OH 009003618
Source
Crexi
Added: May 28 Updated: Jul 10 at 4:00PM Checked: Jul 21 at 8:58AM
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
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $141.7k | $6.00 |
| − Vacancy | −$35.4k | −$1.50 |
| EGI | $106.3k | $4.50 |
| − OpEx | −$31.9k | −$1.35 |
| NOI | $74.4k | $3.15 |
23,616 SF · lease $6.00/SF/yr · vacancy 25.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.06M
$929.9K – $1.24M
NOI $74,390 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.46M
$3.90M – $5.20M
NOI $311,958 @ 7.0% cap · market cap 13.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Huntington Bank ATM ...
Atm
Similar For Sale Nearby
Similar Off Market Nearby
- Old School Marketplace — 11836 South Ave, North Lima, OH 44452
- Lemon Drop Lane — 11839 South Ave, North Lima, OH 44452
FAQs
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 $2,340,000.
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
