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Former McDonald's Site 3034 Mahoning Ave 0.96 Acres of Commercial Land Online Auction Sale Youngstown, OH 44509
Investment Highlights
- 3034 Mahoning Avenue presents a 0.96-acre commercial parcel zoned Mixed-Use Community District, supporting a wide range of development.
- Premier development opportunity supporting retail or mixed-use developments, as the site was previously developed for a McDonald’s.
- Visible to more than 14,580 daily passing vehicles along Mahoning Avenue, with three curb cuts along the prominent corner location.
- Along the commercial corridor that is anchored by Mahoning Plaza and national tenants such as CVS, Family Dollar, and Rent-A-Center.
Executive Summary
Colliers represents the opportunity to acquire a 0.96-acre commercial parcel at 3034 Mahoning Avenue, previously developed for a freestanding McDonald’s, now offered vacant and ready for a wide variety of mixed-use operations.
The subject site benefits from over 290 feet of direct frontage along Mahoning Avenue and 160 feet along N Bon Aire Avenue. The corner parcel is highly visible and easily accessible, with a public transit bus stop on-site, driving foot traffic. Commercial establishments that support the synergy of the Mixed-Use Community District include CVS, Dollar Tree, O’Reilly Auto Parts, Westgate Manor Hotel by OYO, Circle K, Burger King, and more.
Youngstown is a suburb on the rise, redefining itself as a Rust Belt area in the midst of an upswing. The city is home to Youngstown State University, one of the city's most prominent institutions and largest employers. The public university has almost 11,000 students in about 115 undergraduate and 40 graduate programs at its 145-acre campus near downtown.
10-mile demographics indicate a growing population of 275,373 residents and over 119,470 households. The average household income exceeds $72,270, and the realm generates a robust spending power of more than $3.1 billion each year. Food and beverage accounts for the largest share of consumer spending, earning shy of $900 million.
Today, the Youngstown market functions as a manufacturing and logistics-oriented metro with growing exposure to advanced manufacturing, energy-related industries, healthcare, and regional distribution activity. Its location between Cleveland and Pittsburgh places the market within a dense corridor of economic activity in the Midwest and Mid-Atlantic, reinforcing its role as a secondary employment center.
Ownership has additional listings; please see all available listing URLs here:
• 1800 36th Ave, Moline, IL 61265: https://www.loopnet.com/Listing/1800-36th-Ave-Moline-IL/41708014/
• 2920 NE Adams St, Peoria, IL 61603: https://www.loopnet.com/Listing/2920-NE-Adams-St-Peoria-IL/38476259/
• 1050 Valley St, Minerva, OH 44657: https://www.loopnet.com/Listing/1050-Valley-St-Minerva-OH/33910057/
• 661 Griswold Rd, Elyria, OH 44035: https://www.loopnet.com/Listing/661-Griswold-Rd-Elyria-OH/6844303/
• 5416 Ridge Ave, Cincinnati, OH 45213: https://www.loopnet.com/Listing/5416-Ridge-Ave-Cincinnati-OH/41708026/
• 7844 North Point Blvd, Winston-Salem, NC 27106: https://www.loopnet.com/Listing/7844-North-Point-Blvd-Winston-Salem-NC/41708021/
• 2799 N 22nd St, Decatur, IL 62526: https://www.loopnet.com/Listing/2799-N-22nd-St-Decatur-IL/41708000/
• 609 Chemung St, Horseheads, NY 14845: https://www.loopnet.com/Listing/609-Chemung-St-Horseheads-NY/41707996/
• 2810 Florida 71, Marianna, FL 32446: https://www.loopnet.com/Listing/2810-Florida-71-Marianna-FL/41707992/
• 800 US-67, Walnut Ridge, AR 72476: https://www.loopnet.com/Listing/800-US-67-Walnut-Ridge-AR/41791721/
• 1411 E 2nd St, Jamestown, NY 14701: https://www.loopnet.com/Listing/1411-E-2nd-St-Jamestown-NY/41708006/
The subject site benefits from over 290 feet of direct frontage along Mahoning Avenue and 160 feet along N Bon Aire Avenue. The corner parcel is highly visible and easily accessible, with a public transit bus stop on-site, driving foot traffic. Commercial establishments that support the synergy of the Mixed-Use Community District include CVS, Dollar Tree, O’Reilly Auto Parts, Westgate Manor Hotel by OYO, Circle K, Burger King, and more.
Youngstown is a suburb on the rise, redefining itself as a Rust Belt area in the midst of an upswing. The city is home to Youngstown State University, one of the city's most prominent institutions and largest employers. The public university has almost 11,000 students in about 115 undergraduate and 40 graduate programs at its 145-acre campus near downtown.
10-mile demographics indicate a growing population of 275,373 residents and over 119,470 households. The average household income exceeds $72,270, and the realm generates a robust spending power of more than $3.1 billion each year. Food and beverage accounts for the largest share of consumer spending, earning shy of $900 million.
Today, the Youngstown market functions as a manufacturing and logistics-oriented metro with growing exposure to advanced manufacturing, energy-related industries, healthcare, and regional distribution activity. Its location between Cleveland and Pittsburgh places the market within a dense corridor of economic activity in the Midwest and Mid-Atlantic, reinforcing its role as a secondary employment center.
Ownership has additional listings; please see all available listing URLs here:
• 1800 36th Ave, Moline, IL 61265: https://www.loopnet.com/Listing/1800-36th-Ave-Moline-IL/41708014/
• 2920 NE Adams St, Peoria, IL 61603: https://www.loopnet.com/Listing/2920-NE-Adams-St-Peoria-IL/38476259/
• 1050 Valley St, Minerva, OH 44657: https://www.loopnet.com/Listing/1050-Valley-St-Minerva-OH/33910057/
• 661 Griswold Rd, Elyria, OH 44035: https://www.loopnet.com/Listing/661-Griswold-Rd-Elyria-OH/6844303/
• 5416 Ridge Ave, Cincinnati, OH 45213: https://www.loopnet.com/Listing/5416-Ridge-Ave-Cincinnati-OH/41708026/
• 7844 North Point Blvd, Winston-Salem, NC 27106: https://www.loopnet.com/Listing/7844-North-Point-Blvd-Winston-Salem-NC/41708021/
• 2799 N 22nd St, Decatur, IL 62526: https://www.loopnet.com/Listing/2799-N-22nd-St-Decatur-IL/41708000/
• 609 Chemung St, Horseheads, NY 14845: https://www.loopnet.com/Listing/609-Chemung-St-Horseheads-NY/41707996/
• 2810 Florida 71, Marianna, FL 32446: https://www.loopnet.com/Listing/2810-Florida-71-Marianna-FL/41707992/
• 800 US-67, Walnut Ridge, AR 72476: https://www.loopnet.com/Listing/800-US-67-Walnut-Ridge-AR/41791721/
• 1411 E 2nd St, Jamestown, NY 14701: https://www.loopnet.com/Listing/1411-E-2nd-St-Jamestown-NY/41708006/
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Miscellaneous
Property Facts
| Property Type | Land | Total Lot Size | 0.96 AC |
| Property Subtype | Commercial | Sale Condition | Auction Sale |
| Sale Type | Investment | Type of Ownership | Fee Simple |
| Zoning | MU-C - Mixed Use - Community District | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Sale Type | Investment |
| Total Lot Size | 0.96 AC |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Zoning | MU-C - Mixed Use - Community District |
1 Lot Available
Lot
| Lot Size | 0.96 AC | Parcel Numbers | 53-170-0-303.00-0, 53-170-0-304.00-0, 53-170-0-305.00-0, 53-170-0-306.00-0, 53-170-0-307.00-0, 53-170-0-308.00-8 |
| Lot Size | 0.96 AC |
| Parcel Numbers | 53-170-0-303.00-0, 53-170-0-304.00-0, 53-170-0-305.00-0, 53-170-0-306.00-0, 53-170-0-307.00-0, 53-170-0-308.00-8 |
0.96-acre commercial parcel zoned Mixed-Use Community District, supporting a wide variety of developments.
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Sale Advisors
Sale Advisors
Christopher Seelig, Senior Vice President
Chris Seelig is a Senior Vice President and Principal with Colliers International, a global real estate organization with more than 450 offices worldwide.
Mr. Seelig, who joined Colliers International in 2013, oversees the Retail Services Group at the Cleveland office. Specializing in retail tenant representation, landlord representation and restaurant leasing throughout Ohio, Chris has personally participated in and managed over 350 sale and lease transactions, with an aggregate value in excess of $150 million. With more than 18 years of experience representing both landlords and tenants, Chris has handled assignments throughout Ohio and the Midwest. His experience includes investment sales, land assemblage, corporate dispositions, REO properties, zoning and development.
He began his real estate career in 1999 at NAI Ronald Markowitz Real Estate, and then went on to serve as Director of Retail Services at NAI Daus Commercial Real Estate.
Prior to his real estate career, Mr. Seelig was a General Manager for Houlihan's Restaurants.
Mr. Seelig, who joined Colliers International in 2013, oversees the Retail Services Group at the Cleveland office. Specializing in retail tenant representation, landlord representation and restaurant leasing throughout Ohio, Chris has personally participated in and managed over 350 sale and lease transactions, with an aggregate value in excess of $150 million. With more than 18 years of experience representing both landlords and tenants, Chris has handled assignments throughout Ohio and the Midwest. His experience includes investment sales, land assemblage, corporate dispositions, REO properties, zoning and development.
He began his real estate career in 1999 at NAI Ronald Markowitz Real Estate, and then went on to serve as Director of Retail Services at NAI Daus Commercial Real Estate.
Prior to his real estate career, Mr. Seelig was a General Manager for Houlihan's Restaurants.
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Auction Contact
Molly Patten
Contact
Auctioneer License:
Ten-X Commercial, LLC Samantha Corbat RE Brkr REC.2019003563; Ohio Department of Agriculture- Auctioneer Program: Ten-X Commercial, Inc. (Ten-X, Inc.) Auctioneer Corporation 2022000147 Samantha Corbat Auctioneer 2023000126
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Former McDonald's Site | 3034 Mahoning Ave
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