Freestanding Retail Building on 1.6AC

540 E Midlothian Blvd, Youngstown, OH

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For Sale

Contact for pricing

10,521 SF retail building with high traffic and frontage.

Type:RETAIL

Property size:

10,521 SF

Lot size:

1.45 Acres

Price / SF:

$151/SF

HighLights

High traffic location: Over 18,800 vehicles pass the site daily.
Excellent accessibility: Located less than 3/4 mile from I‑680 with two full access points.
Significant frontage: 235’ frontage on E Midlothian Blvd and 201’ frontage on South Ave.
Freestanding building: 10,521 SF former Rite Aid.
Large lot size: 1.6 AC.
For sale or lease: Flexible options for potential buyers.

We can help!

Listing Contact

Vincenzo Calabrese

For Sale

Contact for pricing

10,521 SF retail building with high traffic and frontage.

Type:RETAIL

Property size:

10,521 SF

Lot size:

1.45 Acres

Price / SF:

$151/SF

Added:: Apr 10, 2025
Days on Market:: 426
Last Refresh:: May 19 at 9:57 pm

Property Features for 540 E Midlothian Blvd

General Information

Standard status: Active
Size: 10,521 SF
Lot size: 1.45 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Vincenzo Calabrese

Listing agent Vincenzo Calabrese License #2020004495

Listing office Hanna Commercial Real Estate | Cleveland

Listing date Apr 10, 2025

Source Moodyscre

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 Hanna Commercial Real Estate | Cleveland

HighLights

High traffic location: Over 18,800 vehicles pass the site daily.
Excellent accessibility: Located less than 3/4 mile from I‑680 with two full access points.
Significant frontage: 235’ frontage on E Midlothian Blvd and 201’ frontage on South Ave.
Freestanding building: 10,521 SF former Rite Aid.
Large lot size: 1.6 AC.
For sale or lease: Flexible options for potential buyers.

Overview

This is a freestanding 10,521 square foot retail building situated on a 1.6-acre lot. The property was formerly a Rite Aid. It features 235 feet of frontage along E Midlothian Blvd and 201 feet of frontage along South Ave. The location benefits from high traffic, with over 18,800 vehicles passing the site daily between E Midlothian and South Ave. The property is located less than 3/4 of a mile from I-680 and has two full access points.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$157.8k	$15.00
− Vacancy	−$9.4k	−$0.90
EGI	$148.4k	$14.10
− OpEx	−$37.1k	−$3.53
NOI	$111.3k	$10.58

10,521 SF · lease $15.00/SF/yr · vacancy 5.98% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.59M

$1.39M – $1.85M (±1% cap)

NOI $111,283 @ 7.0% cap · market cap 7.00%

Second Best

Retail

$473.4K

$414.3K – $552.4K (±1% cap)

NOI $33,141 @ 7.0% cap · market cap 2.08%

Theoretical Best

Office A

$1.99M

$1.74M – $2.32M (±1% cap)

NOI $138,978 @ 7.0% cap · market cap 8.74%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Teresa M. Medvec, ... Pharmacy Rite Aid Pharmacy higi Physician Coinhub Bitcoin ATM ... Atm Sara Tabak Pharmacy

Suggested Use

Similar Places Nearby

Christina J. Goodrich, PharmD — 525 E Midlothian Blvd, Youngstown, OH 44502, United States
COVID-19 Drive-Thru Testing at Walgreens — 525 e midlothian blvd, youngstown, oh 44502
Amy Ohwofahworaye, PharmD — 525 E Midlothian Blvd, Youngstown, OH 44502
Gary M. Kuszmaul, RPH — 525 E Midlothian Blvd, Youngstown, OH 44502
Enovwo E. Ohwofahworaye, PHARMD — 525 E Midlothian Blvd, Youngstown, OH 44502

Location Insight

Map
Local Demand

City: Youngstown
County: Mahoning
State: Ohio
Longitude: -80.6447
Latitude: 41.0611

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For sale
Drug stores
OH
Youngstown
540 E Midlothian Blvd

What type of property is this?

Drug store - 10,521 SF retail building with high traffic and frontage.

Where is this drug store located?

The property is located at 540 E Midlothian Blvd Youngstown, OH.

What is the asking price?

The asking price for this property is $1,590,000.

What are key features of this property?

This property features: High traffic location: Over 18,800 vehicles pass the site daily.; Excellent accessibility: Located less than 3/4 mile from I‑680 with two full access points.; Significant frontage: 235’ frontage on E Midlothian Blvd and 201’ frontage on South Ave.

540 E Midlothian Blvd, Youngstown, OH

10,521 SF retail building with high traffic and frontage.

Property Features for 540 E Midlothian Blvd

General Information

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Youngstown Commercial Property with Parking

Permaculture Farm with Agritourism Potential

Updated Duplex in Youngstown, OH

Youngstown Mixed-Use Commercial/Residential Property

Income-Producing 4-Plex Near University

Affordable Multi-Unit Income Property

Youngstown Multifamily Investment Opportunity

Youngstown Brick Duplex with Garage

Turn-Key Investment Opportunity

Downtown Youngstown Retail Opportunity

Brick 4-Plex With Unfinished Basement

Well-Maintained Youngstown Quadplex For Sale

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