Former Bank Drive-Through
For Sale
Contact for pricing
1903 Hubbard Rd., Madison, OH 44057
Former bank building with drive-through and multiple office areas, plus a bullpen and kitchenette.
Property Size2,185 SF
Lot Size0.93 Acres
Price / SF$136.84
Days on Market241
Property Features for 1903 Hubbard Rd.
General Information
Standard status
Active
Size
2,185 SF
Lot size
0.93 Acres
Property subtype
RETAIL
Lease Type
Modified Gross
Amenities
drive-thru
four private offices
bullpen area
kitchenette
Properties For Sale
at 1903 Hubbard Rd.
1903 Hubbard Rd
AVAILABLE, Now
Floor
Bldg
Size
2,185 SF
Type
RETAIL
Lease Type
MODIFIED_GROSS
Sublease
No
- Position your business for success at this former bank property with drive-through located at 1903 Hubbard Rd. in Madison Township. Offering 2,185± square feet plus an existing drive-thru, this versatile commercial building is available for sale at $299,000 or for lease at $11.00/SF. The layout includes four private offices, a spacious bullpen area, and a kitchenette, complemented by abundant windows that provide excellent natural light. Situated on a generous 0.93-acre lot with a large parking area and strong visibility, the property is ideal for a drive-thru food service concept, retail storefront, professional office, or contractor use.
Contact us
Listing Agency:
Sequoia Realty
(440) 946-8600
Listed By:
Patrick Dowd · License #SAL.2007000856
(216) 406-0476
Source:
Moodyscre
Added: Feb 24
Changed: Oct 5
Last Checked: Oct 21 at 12:19AM
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 Sequoia Realty
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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 former bank property includes a drive-through and a total of 2,185± square feet of commercial space. Inside, the layout features four private offices, a spacious bullpen area, and a kitchenette, supported by abundant windows for natural light.
The building sits on a 0.93-acre lot with a large parking area and strong visibility at 1903 Hubbard Rd. in Madison Township.
The space is positioned for flexible use, including drive-through food service, retail storefront, professional office, or contractor use, depending on the tenant’s or buyer’s operating needs.
The building sits on a 0.93-acre lot with a large parking area and strong visibility at 1903 Hubbard Rd. in Madison Township.
The space is positioned for flexible use, including drive-through food service, retail storefront, professional office, or contractor use, depending on the tenant’s or buyer’s operating needs.
Key Highlights
- Former bank property at 1903 Hubbard Rd. in Madison Township with existing drive‑through
- 2,185± SF commercial building with four private offices, bullpen area, and kitchenette
- 0.93‑acre lot with a large parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,451
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,020
$469.0K
Cap Rate 7%
$335,014
$335.0K
Cap Rate 9%
$260,567
$260.6K
Market Conditions
NOI Build-Up for 2,185 SF
Gross rent
$32.8K $15.00/SF
− Vacancy
−$1.5K −$0.69/SF
EGI
$31.3K $14.31/SF
− OpEx
−$7.8K −$3.58/SF
NOI
$23.5K $10.73/SF
Area
Lake County, OH
Vacancy
4.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,020
Cap Rate 7%
$335,014
Cap Rate 9%
$260,567
Alternative Uses
Best Use
Specialty Retail
$335.0K
$293.1K – $390.9K
NOI $23,451 @ 7.0% cap · market cap 7.84%
Second Best
Retail
$292.7K
$256.1K – $341.4K
NOI $20,486 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$504.7K
$441.6K – $588.8K
NOI $35,326 @ 7.0% cap · market cap 11.81%
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
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Home Improvements & Furnishings 22%
Dining 21%
Dollar General
Shops & Services
5,943 visits/mo
0.3 miles
Sunoco
Shops & Services
4,185 visits/mo
0.0 miles
Madison Ace Hardware
Home Improvements & Furnishings
3,864 visits/mo
0.1 miles
Dairy Queen
Dining
3,786 visits/mo
0.1 miles
Demographics for 44057, OH
19,447
Population
8,474
Households
2.3
Avg Household Size
44
Median Age
17%
College-Educated
91%
High-School Grad
50.1 sq mi
ZIP Area
388
Density / Sq Mi
$70,212
Median Household Income
$39,191
Median Earnings
$1,044
Median Rent
$170,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Bank - Former bank building with drive-through and multiple office areas, plus a bullpen and kitchenette.
Where is this bank located?
The property is located at 1903 Hubbard Rd. Madison, OH.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Former bank property at 1903 Hubbard Rd. in Madison Township with existing drive‑through; 2,185± SF commercial building with four private offices, bullpen area, and kitchenette; 0.93‑acre lot with a large parking area
