Retail Investment Property For
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1716-1728 S Raccoon Rd, Youngstown, OH
Multi-tenant investment property with frontage on Raccoon Rd and New Rd.
Property Size8,700 SF
Lot Size1.09 Acres
Price / SF$45.86
Days on Market561
Property Features for 1716-1728 S Raccoon Rd
General Information
Standard status
Active
Size
8,700 SF
Lot size
1.09 Acres
Property subtype
RETAIL
Listing Agency:
Platz Realty Group
(330) 757-4889
Listed By:
Adam Divelbiss
(501) 551-3817
Source:
Moodyscre
Added: Apr 15, 2025
Changed: Oct 26
Last Checked: Oct 26 at 8:10PM
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
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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 multi-tenant investment property is located in Austintown, OH. The property has frontage on Raccoon Rd and New Rd, offering great street access. It features ample parking and is situated adjacent to Huntington Bank. The property contains 8,700 square feet. Financial information is available with a signed non-disclosure agreement.
Key Highlights
- Multi‑tenant investment property
- Frontage on Raccoon Rd and New Rd
- Adjacent to Huntington Bank
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,405
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,100
$548.1K
Cap Rate 7%
$391,500
$391.5K
Cap Rate 9%
$304,500
$304.5K
Market Conditions
NOI Build-Up for 8,700 SF
Gross rent
$52.2K $6.00/SF
− Vacancy
−$13.1K −$1.50/SF
EGI
$39.2K $4.50/SF
− OpEx
−$11.7K −$1.35/SF
NOI
$27.4K $3.15/SF
Area
Mahoning County, OH
Vacancy
25.00%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,100
Cap Rate 7%
$391,500
Cap Rate 9%
$304,500
Alternative Uses
Best Use
Retail
$391.5K
$342.6K – $456.8K
NOI $27,405 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $114,924 @ 7.0% cap · market cap 28.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - Multi-tenant investment property with frontage on Raccoon Rd and New Rd.
Where is this strip mall located?
The property is located at 1716-1728 S Raccoon Rd Youngstown, OH.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Multi‑tenant investment property; Frontage on Raccoon Rd and New Rd; Adjacent to Huntington Bank
