Flex Space with Drive-In
For Sale
Contact for pricing
3501 Mahoning Ave, Youngstown, OH 44509
Former Advance Auto location with access from both Mahoning Ave and Meridian Rd.
Property Size5,675 SF
Price / SF$37.89
Days on Market933
Property Features for 3501 Mahoning Ave
General Information
Standard status
Active
Size
5,675 SF
Property subtype
INDUSTRIAL
Additional Details
Road Access
Yes
Drive-In Doors
1
Listing Agency:
Platz Realty Group
(330) 565-5701
Listed By:
Bill Kutlick
(330) 565-5701
Source:
Moodyscre
Added: Jan 11, 2024
Changed: Jul 31
Last Checked: Aug 1 at 10:28AM
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 5,675-square-foot flex space is a former Advance Auto location with one drive-in door. The property combines retail and flex-space characteristics for commercial use.
Access is available from both Mahoning Ave and Meridian Rd. The property is located at 3501 Mahoning Ave in Youngstown, Ohio.
Access is available from both Mahoning Ave and Meridian Rd. The property is located at 3501 Mahoning Ave in Youngstown, Ohio.
Key Highlights
- 5,675‑square‑foot flex space
- Former Advance Auto location
- One drive‑in door
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 | $34.1k | $6.00 |
| − Vacancy | −$8.5k | −$1.50 |
| EGI | $25.5k | $4.50 |
| − OpEx | −$7.7k | −$1.35 |
| NOI | $17.9k | $3.15 |
5,675 SF · lease $6.00/SF/yr · vacancy 25.00% · expense 30.00%
Alternative Uses
Best Use
Industrial
$333.1K
$291.5K – $388.7K
NOI $23,320 @ 7.0% cap · market cap 10.85%
Second Best
Flex RnD
$316.2K
$276.7K – $368.9K
NOI $22,133 @ 7.0% cap · market cap 10.29%
Theoretical Best
Office A
$1.07M
$937.1K – $1.25M
NOI $74,964 @ 7.0% cap · market cap 34.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44509, OH
10,934
Population
5,581
Households
2
Avg Household Size
38
Median Age
15%
College-Educated
84%
High-School Grad
5.6 sq mi
ZIP Area
1,953
Density / Sq Mi
$36,472
Median Household Income
$30,544
Median Earnings
$744
Median Rent
$56,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Cathy's Custom Catering — 3704 mahoning ave, youngstown, oh 44515
- Moink BBQ & Catering — 2716 Mahoning Ave, Youngstown, OH 44509
Frequently Asked Questions
What type of property is this?
Flex space - Former Advance Auto location with access from both Mahoning Ave and Meridian Rd.
Where is this flex space located?
The property is located at 3501 Mahoning Ave Youngstown, OH.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 5,675‑square‑foot flex space; Former Advance Auto location; One drive‑in door
