Freestanding Retail Building with
2911 Youngstown Rd. SE Warren, OH 44484
For Sale
Contact for pricing
Corner freestanding building with large parking and existing drive-through, recently updated with new flooring and fresh paint.
Property Size2,374 SF
Price / SF$179.02
Days on Market136
Property Features for 2911 Youngstown Rd. SE
General Information
- Standard status
- Active
- Size
- 2,374 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1957
Listing Agency:
Coldwell Banker EvenBay Real Estate
Listed By:
May Samad · License #OH
Source:
Crexi
Added: Mar 10
Changed: Jul 23
Last Checked: Jul 23 at 3:24AM
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 Coldwell Banker EvenBay Real Estate
Investment Insights
Based on property information with market context.
This freestanding commercial building, formerly a bank, is situated on a corner lot and includes an existing drive-through and a large parking lot. Recent improvements include fresh paint and new LVT flooring, along with an interior layout designed to support customer-facing operations. The property’s flexible floor plan can accommodate a range of commercial uses, including retail, office, medical, or professional services.
The purchase includes select fixtures, shelving, and upright display coolers currently on site. If the buyer does not wish to retain these items, the purchase price will be adjusted accordingly.
With its drive-through configuration and updated interior, the building is set up for immediate occupancy and offers a straightforward option for an owner-user or investor seeking an adaptable, visible commercial space.
The purchase includes select fixtures, shelving, and upright display coolers currently on site. If the buyer does not wish to retain these items, the purchase price will be adjusted accordingly.
With its drive-through configuration and updated interior, the building is set up for immediate occupancy and offers a straightforward option for an owner-user or investor seeking an adaptable, visible commercial space.
Key Highlights
- Freestanding commercial building (former bank) on a corner lot in a high‑traffic area
- Large parking lot plus existing drive‑through for customer access and circulation
- Recent updates include fresh paint and new LVT flooring in the interior
Financial Insights For Specialty 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 | $35.6k | $15.00 |
| − Vacancy | −$1.5k | −$0.63 |
| EGI | $34.1k | $14.37 |
| − OpEx | −$8.5k | −$3.59 |
| NOI | $25.6k | $10.78 |
2,374 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$365.5K
$319.8K – $426.4K
NOI $25,586 @ 7.0% cap · market cap 6.02%
Second Best
Retail
$327.5K
$286.6K – $382.1K
NOI $22,925 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$450.6K
$394.3K – $525.7K
NOI $31,542 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
LibertyX Bitcoin ATM
Atm
FAQs
What type of property is this?
Grocery and convenience store - Corner freestanding building with large parking and existing drive-through, recently updated with new flooring and fresh paint.
Where is this grocery and convenience store located?
The property is located at 2911 Youngstown Rd. SE Warren, OH.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Freestanding commercial building (former bank) on a corner lot in a high‑traffic area; Large parking lot plus existing drive‑through for customer access and circulation; Recent updates include fresh paint and new LVT flooring in the interior
