Former Bank Branch Redevelopment
For Sale
Contact for pricing
3516 S Meridian Rd, Youngstown, OH 44511
Former bank redevelopment parcel with three drive-thru lanes.
Property Size1,909 SF
Lot Size0.54 Acres
Price / SF$209.01
Days on Market367
Property Features for 3516 S Meridian Rd
General Information
Standard status
Active
Size
1,909 SF
Lot size
0.54 Acres
Property subtype
OFFICE
Listing Agency:
Platz Realty Group
(330) 565-5701
Listed By:
Bill Kutlick
(330) 565-5701
Source:
Moodyscre
Added: Jul 29, 2025
Changed: Jul 30
Last Checked: Jul 30 at 8:02AM
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
Investment Insights
Based on property information with market context.
Redevelopment site featuring a former bank branch with 1,909 SF on a 0.54-acre parcel. The property includes three drive-thru lanes, offering convenient customer flow for a range of financial and retail-style concepts.
Located at 3516 S Meridian Rd in Youngstown, Ohio. The site is across from Sparkle and close to Walgreens, positioning it within an active retail corridor.
There are no restrictions on financial institutions, which may support flexibility for a future tenant or operator looking to re-purpose the existing drive-thru configuration.
Located at 3516 S Meridian Rd in Youngstown, Ohio. The site is across from Sparkle and close to Walgreens, positioning it within an active retail corridor.
There are no restrictions on financial institutions, which may support flexibility for a future tenant or operator looking to re-purpose the existing drive-thru configuration.
Key Highlights
- 1,909 SF former bank branch on 0.54‑acre site
- 3 drive‑thru lanes
- Redevelopment site
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 | $28.6k | $15.00 |
| − Vacancy | −$1.7k | −$0.90 |
| EGI | $26.9k | $14.10 |
| − OpEx | −$6.7k | −$3.53 |
| NOI | $20.2k | $10.58 |
1,909 SF · lease $15.00/SF/yr · vacancy 5.98% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$288.5K
$252.4K – $336.5K
NOI $20,192 @ 7.0% cap · market cap 5.06%
Second Best
Retail
$85.9K
$75.2K – $100.2K
NOI $6,013 @ 7.0% cap · market cap 1.51%
Theoretical Best
Office A
$360.2K
$315.2K – $420.3K
NOI $25,217 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Explore this area
Business Placement
Demographics for 44511, OH
18,738
Population
9,470
Households
2
Avg Household Size
46
Median Age
24%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
2,532
Density / Sq Mi
$55,055
Median Household Income
$34,959
Median Earnings
$818
Median Rent
$110,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Former bank redevelopment parcel with three drive-thru lanes.
Where is this bank located?
The property is located at 3516 S Meridian 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: 1,909 SF former bank branch on 0.54‑acre site; 3 drive‑thru lanes; Redevelopment site
