Former Bank with Drive-Thru
For Sale
Contact for pricing
3960 South Ave, Youngstown, OH 44512
Former bank with four drive-thru lanes and a bright, naturally lit interior.
Property Size4,000 SF
Lot Size1.50 Acres
Price / SF$143.75
Days on Market521
Property Features for 3960 South Ave
General Information
Standard status
Active
Size
4,000 SF
Lot size
1.50 Acres
Property subtype
RETAIL
Building Details
Year Built
2004
Listing Agency:
Platz Realty Group
(330) 565-5701
Listed By:
Bill Kutlick
(330) 565-5701
Source:
Moodyscre
Added: Feb 24, 2025
Changed: Jul 30
Last Checked: Jul 30 at 10:58AM
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 Platz Realty Group
Investment Insights
Based on property information with market context.
This former bank offers approximately 4,000 SF on a 1.5-acre site. The property is set up with four drive-thru lanes and is described as very bright with lots of natural light. Built in 2004, the space is well-suited for users looking for an existing financial-services layout or adaptable drive-thru oriented facility.
The property is located just south of Midlothian Blvd, at 3960 South Ave in Youngstown, OH 44512. Its drive-thru configuration supports convenient customer access and visibility for a single-building site.
With its combined building size, acreage, and built-in drive-thru lanes, this is a straightforward option for an operator seeking a bank-like footprint with drive-thru capacity.
The property is located just south of Midlothian Blvd, at 3960 South Ave in Youngstown, OH 44512. Its drive-thru configuration supports convenient customer access and visibility for a single-building site.
With its combined building size, acreage, and built-in drive-thru lanes, this is a straightforward option for an operator seeking a bank-like footprint with drive-thru capacity.
Key Highlights
- Approximately 4,000 SF former bank building
- Situated on 1.5 acres
- Four drive‑thru lanes
Financial Insights For Specialty 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 | $60.0k | $15.00 |
| − Vacancy | −$3.6k | −$0.90 |
| EGI | $56.4k | $14.10 |
| − OpEx | −$14.1k | −$3.53 |
| NOI | $42.3k | $10.58 |
4,000 SF · lease $15.00/SF/yr · vacancy 5.98% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$604.4K
$528.9K – $705.2K
NOI $42,309 @ 7.0% cap · market cap 7.36%
Second Best
Retail
$180.0K
$157.5K – $210.0K
NOI $12,600 @ 7.0% cap · market cap 2.19%
Theoretical Best
Office A
$754.8K
$660.5K – $880.6K
NOI $52,838 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
Explore this area
Business Placement
Demographics for 44512, OH
33,282
Population
15,770
Households
2.1
Avg Household Size
44
Median Age
35%
College-Educated
94%
High-School Grad
17.0 sq mi
ZIP Area
1,958
Density / Sq Mi
$62,311
Median Household Income
$38,828
Median Earnings
$788
Median Rent
$158,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Former bank with four drive-thru lanes and a bright, naturally lit interior.
Where is this bank located?
The property is located at 3960 South Ave Youngstown, OH.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Approximately 4,000 SF former bank building; Situated on 1.5 acres; Four drive‑thru lanes
