Freestanding Storefront at Signalized
14941 South Avenue, Columbiana, OH 44408
For Sale
$3,500,000
CommercialSale, Columbiana, OH
Property Size14,500 SF
Lot Size1.57 Acres
Price / SF$241.38
Days on Market97
Property Features for 14941 South Avenue
General Information
Property type
Property subtype
Parking
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Listing Agency:
Gonatas Real Estate LLC
(330) 729-5004
Listed By:
Dennis D Gonatas Sr. · License #2023000272
(330) 501-8300
Added: Aug 4
Changed: Oct 21
Last Checked: Nov 8 at 11:06AM
MLS# 5234223
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This freestanding storefront property occupies a 1.571-acre site at the signalized intersection of South Avenue and State Route 14. The building was constructed in 2008 and originally served as a national pharmacy, with an open interior configuration and ample parking. Heating is provided by forced-air natural gas systems, cooling uses multiple units, and the property has public water service.
The property is located at 14941 South Avenue in Columbiana, Ohio, less than two miles from State Route 11. Surrounding commercial activity includes Das Dutch Haus, Sparkle Market, national restaurants, financial institutions, and expanding residential development. Multiple access points and its position along South Avenue support a range of storefront, office, medical, retail, or redevelopment concepts, subject to applicable approvals.
The property is located at 14941 South Avenue in Columbiana, Ohio, less than two miles from State Route 11. Surrounding commercial activity includes Das Dutch Haus, Sparkle Market, national restaurants, financial institutions, and expanding residential development. Multiple access points and its position along South Avenue support a range of storefront, office, medical, retail, or redevelopment concepts, subject to applicable approvals.
Key Highlights
- 1.571‑acre commercial site at 14941 South Avenue, Columbiana, OH 44408
- Signalized intersection of South Avenue and State Route 14
- Freestanding building constructed in 2008
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,902
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,358,040
$2.4M
Cap Rate 7%
$1,684,314
$1.7M
Cap Rate 9%
$1,310,022
$1.3M
Market Conditions
NOI Build-Up for 14,500 SF
Gross rent
$191.4K $13.20/SF
− Vacancy
−$23.0K −$1.58/SF
EGI
$168.4K $11.62/SF
− OpEx
−$50.5K −$3.48/SF
NOI
$117.9K $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%
$2,358,040
Cap Rate 7%
$1,684,314
Cap Rate 9%
$1,310,022
Alternative Uses
Best Use
Retail
$1.68M
$1.47M – $1.97M
NOI $117,902 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$12.25M
$10.72M – $14.29M
NOI $857,376 @ 7.0% cap · market cap 24.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
233
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
0.0 miles
Taco Bell
Dining
12,175 visits/mo
0.2 miles
Dollar General
Shops & Services
12,019 visits/mo
0.2 miles
Wendy's
Dining
10,312 visits/mo
0.0 miles
Burger King
Dining
9,379 visits/mo
0.2 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
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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 - Commercial building with multiple access points, ample parking, and a flexible open interior layout.
Where is this storefront property located?
The property is located at 14941 South Avenue 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: 1.571‑acre commercial site at 14941 South Avenue, Columbiana, OH 44408; Signalized intersection of South Avenue and State Route 14; Freestanding building constructed in 2008
