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Former Rite Aid | For Sale or For Lease 101 S Main St 13,084 SF Retail Building Newark, NY 14513 For Sale
EXECUTIVE SUMMARY
Zoned B-2 General Business:
Allows for a wide range of permitted and special uses, including medical, educational, and fuel-related operations.
Prominent Corner Location in Newark:
Situated at the signalized intersection of Main Street and W Union, in the heart of town. The property is easily accessible from two access points.
2015 Construction with Drive-Thru:
Features a drive-thru pharmacy window and a large lot, adding versatility and value for future tenants.
Surrounded by Retail & Medical:
In close proximity to Newark-Wayne Community Hospital and major retailers like Wegmans, Walgreens, Dunkin', Taco Bell, and many others.
Market Advantage:
The vacancy rate in the submarket is 3.6% and there is currently no retail space under construction in the Wayne County submarket. The prime location and valuable underlying real estate make this site well-suited for a variety of other tenants.
*Property is available for sale or for lease.
Allows for a wide range of permitted and special uses, including medical, educational, and fuel-related operations.
Prominent Corner Location in Newark:
Situated at the signalized intersection of Main Street and W Union, in the heart of town. The property is easily accessible from two access points.
2015 Construction with Drive-Thru:
Features a drive-thru pharmacy window and a large lot, adding versatility and value for future tenants.
Surrounded by Retail & Medical:
In close proximity to Newark-Wayne Community Hospital and major retailers like Wegmans, Walgreens, Dunkin', Taco Bell, and many others.
Market Advantage:
The vacancy rate in the submarket is 3.6% and there is currently no retail space under construction in the Wayne County submarket. The prime location and valuable underlying real estate make this site well-suited for a variety of other tenants.
*Property is available for sale or for lease.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
13,084 SF
Building Class
B
Year Built
2015
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.00 AC
Opportunity Zone
Yes
Zoning
B-2 - General Business
Frontage
241’ on West Union Street
AMENITIES
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 542001-068-111-0018-328-035-0000 | Improvements Assessment | $3,740,600 (2024) |
| Land Assessment | $59,400 (2024) | Total Assessment | $3,800,000 (2024) |
PROPERTY TAXES
Parcel Number
542001-068-111-0018-328-035-0000
Land Assessment
$59,400 (2024)
Improvements Assessment
$3,740,600 (2024)
Total Assessment
$3,800,000 (2024)
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Former Rite Aid | For Sale or For Lease | 101 S Main St
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