Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3960 South Ave Youngstown, OH 44512

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Former bank, 4,000 sq ft, 1.5 acres

    Lot size:
    4,000 SF

    Property Features for 3960 South Ave

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,000 SF
    Total Rate
    3333.33

    Building Details

    Year Built
    2004
    Stories
    1

    Spaces For Lease

    at 3960 South Ave, Youngstown, OH 44512 Contact us
    Unit Available Space

    $10 /Mo

    Size
    4,000 SF
    Contact us

    We can help!

    Listing Contact
    Bill Kutlick
    Bill Kutlick

    Listing Agency: Platz Realty Group Listing Agent: Bill Kutlick

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 4,000-square-foot retail space, located at 3960 South Ave in Youngstown, Ohio, presents a unique investment opportunity. Previously a bank, this single-tenant building offers a spacious, open floor plan ideal for a variety of retail uses. Built in 2004, the property boasts a substantial 1.5-acre lot, providing ample parking and potential for expansion. The building is a single story, offering easy accessibility and efficient layout. The property is zoned Commercial and features a total of 4,000 square feet of vacant space, ready for immediate occupancy. The address is 3960 South Ave, Youngstown, OH 44512, with the APN listed as 29-011-0-002.02 in Mahoning County. This location offers high visibility and convenient access to major roadways, making it an attractive destination for businesses seeking a prominent presence in the Youngstown market. The property's history as a bank suggests a strong foundation and secure construction. This is a rare opportunity to acquire a substantial retail property in a desirable location. The entire 4,000 square feet is currently vacant, allowing for complete customization to suit a tenant's specific needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Huntington Bank Bank

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Youngstown
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.64402065
    Latitude
    41.05938439

    Nearby Similar for Lease

    • $2,300 /Mo
      126,324 SF

      Office Flex Space Sublease

      3,200 SF office flex space available for sublease.
      5401 Ashley Cir, Youngstown, OH 44515
      View Details
    • $15 SF/Yr
      3,267 SF

      Downtown Youngstown Commercial Opportunity

      Prime commercial space in downtown Youngstown near entertainment venues.
      200-208 W Front St, Youngstown, OH 44503
      View Details
    • $1,200 /Mo
      17,598 SF

      Retail Space Near Downtown Youngstown

      Rental opportunity with high ceilings, open space, and parking.
      517-519 Market St, Youngstown, OH 44502
      View Details
    • $1,500 /Mo
      2,230 SF

      Youngstown Commercial Space For Rent

      Lower-level unit with flexible layout, ideal for various professional uses.
      755 Boardman Canfield H2, Youngstown, OH 44512
      View Details
    • $1,500 /Mo
      2,230 SF

      Commercial Condo in Boardman Location

      Commercial condo with reception, offices, and bathrooms in Boardman.
      755 Boardman Canfield H2, Youngstown, OH 44512
      View Details
    • New
      Contact for pricing
      2,036 SF

      Boardman Drive-Thru Restaurant Opportunity

      Operating restaurant in retail district, available October 2025.
      940 Boardman Poland Rd, Youngstown, OH 44512
      View Details
    • Contact for pricing

      Auto Repair Shop For Sale

      Auto repair shop with ample parking and free gas.
      5720 Market St, Youngstown, OH 44502
      View Details
    • Contact for pricing
      1,350 SF

      Office and Medical Suites Available

      General and medical suites for rent with front door parking.
      25 N Canfield Niles Rd, Youngstown, OH 44515
      View Details
    • Contact for pricing
      7,064 SF

      Established Shopping Center Retail Space

      Retail spaces available in well-established shopping center.
      101-143 Boardman-Canfield Rd, Youngstown, OH
      View Details
    • Contact for pricing
      67,000 SF

      Established Shopping Center Retail Spaces

      Retail spaces available in well-established shopping center in Youngstown.
      501-527 Boardman-Canfield Rd, Youngstown, OH
      View Details
    • Contact for pricing
      24,160 SF

      Retail Spaces in Established Center

      Multiple retail spaces available in well-established shopping center.
      407-465 Boardman-Canfield Rd, Youngstown, OH
      View Details
    • $13 SF/Yr
      1,800 SF

      Well-Maintained Office Space Available

      First-floor office space with private offices, conference room, parking.
      7081 West Blvd, Youngstown, OH 44512
      View Details

    FAQs

    What type of property is this?
    Retail property - Former bank, 4,000 sq ft, 1.5 acres
    Where is this retail property located?
    The property is located at 3960 South Ave Youngstown, OH.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 4,000 SF building on a 1.5-acre lot.; Former bank branch featuring four drive-thru lanes.; Excellent location just south of Midlothian Blvd.
    (330) 565-5701 Call to check price and availability
    Request Owner's contact information
    3960 South Ave Youngstown, OH 44512
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3960 South Ave
    Youngstown, OH 44512
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3960 South Ave Youngstown, OH 44512
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bill Kutlick
    Bill Kutlick
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!