Freestanding Retail
14941 South Ave, Columbiana, OH 44408
For Sale
$3,500,000
Open interior layout supports retail or commercial repositioning.
Property Size14,518 SF
Lot Size1.57 Acres
Price / SF$241.08
Days on Market92
Property Features for 14941 South Ave
General Information
Standard status
Size
Lot size
Site & Location
Corner Location
Road Access
Additional Details
Land Use
Building Details
Year Built
Buildings
Listing Agency:
Gonatas Real Estate LLC
Listed By:
Dennis D Gonatas Sr. · License #2023000272
(330) 629-2696
Source:
Theacclaimedrealty
Added: Aug 8
Changed: Oct 26
Last Checked: Oct 7 at 3:25PM
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 Gonatas Real Estate LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding commercial building occupies approximately 1.57 acres at 14941 South Avenue in Columbiana. Built in 2008, the former Rite Aid property offers an open interior configuration, substantial parking, multiple points of access, and a prominent corner position. The building provides a flexible foundation for continued retail use, professional office occupancy, medical conversion, restaurant redevelopment, or other commercial repositioning, subject to applicable approvals.
The property sits at the signalized meeting of South Avenue and State Route 14, with less than two miles separating it from State Route 11. Nearby commercial activity includes Das Dutch Haus, Sparkle Market, national restaurants, financial institutions, and residential development. Its location provides access across Columbiana County and toward the greater Youngstown market.
The property sits at the signalized meeting of South Avenue and State Route 14, with less than two miles separating it from State Route 11. Nearby commercial activity includes Das Dutch Haus, Sparkle Market, national restaurants, financial institutions, and residential development. Its location provides access across Columbiana County and toward the greater Youngstown market.
Key Highlights
- Approximately 1.57‑acre commercial site
- Freestanding building constructed in 2008
- Signalized intersection of South Avenue and State Route 14
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,049
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,360,980
$2.4M
Cap Rate 7%
$1,686,414
$1.7M
Cap Rate 9%
$1,311,656
$1.3M
Market Conditions
NOI Build-Up for 14,518 SF
Gross rent
$191.6K $13.20/SF
− Vacancy
−$23.0K −$1.58/SF
EGI
$168.6K $11.62/SF
− OpEx
−$50.6K −$3.48/SF
NOI
$118.0K $8.13/SF
Area
Columbiana County, OH
Vacancy
12.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,360,980
Cap Rate 7%
$1,686,414
Cap Rate 9%
$1,311,656
Alternative Uses
Best Use
Retail
$1.69M
$1.48M – $1.97M
NOI $118,049 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$12.26M
$10.73M – $14.31M
NOI $858,441 @ 7.0% cap · market cap 24.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
109k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 35%
Hotels & Casinos 2%
Electronics 2%
McDonald's
Dining
20,640 visits/mo
0.2 miles
Taco Bell
Dining
12,175 visits/mo
0.1 miles
Dollar General
Shops & Services
12,019 visits/mo
0.4 miles
Wendy's
Dining
10,312 visits/mo
0.2 miles
Burger King
Dining
9,379 visits/mo
0.0 miles
Demographics for 44408, OH
10,526
Population
5,079
Households
2.1
Avg Household Size
48
Median Age
33%
College-Educated
95%
High-School Grad
35.6 sq mi
ZIP Area
296
Density / Sq Mi
$71,205
Median Household Income
$41,181
Median Earnings
$681
Median Rent
$197,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Storefront properties in Columbiana County
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Lemon Tree Flowers & Things — 1107 Village Plaza, Columbiana, OH 44408
Frequently Asked Questions
What type of property is this?
Storefront property - Open interior layout supports retail or commercial repositioning.
Where is this storefront property located?
The property is located at 14941 South Ave Columbiana, OH.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Approximately 1.57‑acre commercial site; Freestanding building constructed in 2008; Signalized intersection of South Avenue and State Route 14
