Former Rite Aid - Tledo, OH

Prime Commercial Real Estate Value-Add Opportunity | Former Rite Aid – Toledo MSA, OH

Presenting a premier commercial real estate adaptive reuse and redevelopment opportunity in Toledo, Ohio. This high-visibility, 11,093-square-foot vacant retail building features a multi-lane drive-thru canopy and sits on a highly desirable signalized corner near Downtown Toledo. Offering flexible upside potential, this property is ideally suited for owner-users, single-tenant corporate operators, medical users, or value-add commercial investors looking to capitalise on a high-density urban trade area.

Key Property Features & Building Specifications

• Building Size: 11,093 SF existing brick structure featuring detailed, quality construction

• Acreage: 0.45 Acres

• Year Built: 2003

• Zoning: Regional Commercial (CR) – allows for a broad array of retail, medical, office, and commercial uses

• Site Features: Existing drive-thru canopy, clear sightlines, and multiple ingress/egress points of entry

• Development Advantage: Existing building footprint significantly reduces entitlement risk, permitting delays, and construction costs compared to ground-up development

Exceptional Hard Corner Location & High Traffic Counts

Strategically positioned on Cherry Street—a major arterial corridor connecting local neighborhoods to the central business district—the property benefits from continuous daily traffic and excellent street presence.

• Traffic Volume: Over 21,500 vehicles per day (VPD) pass through the signalized intersection

• Accessibility: Easy ingress and egress along an established commercial strip

• Downtown Proximity: Minutes from Downtown Toledo, servicing both daily commuter flows and surrounding residential neighborhoods

Dense Urban Demographics & Thriving Regional Economy

The site is anchored in a heavily populated infill location, surrounded by strong workforce demographics and steady demand for neighborhood retail and healthcare services.

• Dense Population: Over 214,000 residents within a 5-mile radius

• Major Economic Momentum: Toledo is experiencing dynamic growth, backed by a $1 Billion+ active development pipeline across the city

• Major Employers: Regional economy anchored by top-tier corporate and healthcare employers, including Jeep/Stellantis, ProMedica Health System, and Owens Corning headquarters

Brokerage Contact Information

For complete property details, site plans, and offering memorandums, please contact Anchor Point Capital:

• Ned Skinner: nskinner@anchorpointcapital.com

• Chandler Dignam: cdignam@anchorpointcapital.com

• Jacob Sparks: jsparks@anchorpointcapital.com