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Former Rite Aid 21991 State Route 51 W 11,180 SF Retail Building Genoa, OH 43430 $1,250,000 ($111.81/SF)
Investment Highlights
- 11,084 SF Free-Standing Building w/ Drive-Thru | Open Box Layout for Versatile Retail or Medical Use
- Lot size approx. 1.49 acres, providing generous site area for parking, access, and potential repositioning
- Major Regional Universities Include: The University of Toledo (14,440+ Students) and Bowling Green State University (19,000 Students)
- Located on State Route 51 (Ohio 51), a high-visibility retail corridor with signalized intersection, dedicated turn lane, drive-thru lane
- Toledo, OH MSA - Gross Metro Product of $49.3 Billion & Population of 601,396 Residents
- Area Tenants: McDonald’s, Taco Bell, Family Dollar, Dollar General, NAPA Auto Parts, Ford Dealership
Executive Summary
11,084 SF Free-Standing Building w/ Drive-Thru | Open Box Layout for Versatile Retail or Medical Use
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,180 SF
Building Class
C
Year Built
1998
Price
$1,250,000
Price Per SF
$111.81
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.49 AC
Zoning
C-1 - Neighborhood Commercial
Parking
63 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 010-0026925633001 | Improvements Assessment | $294,193 |
| Land Assessment | $332,063 | Total Assessment | $626,256 |
Property Taxes
Parcel Number
010-0026925633001
Land Assessment
$332,063
Improvements Assessment
$294,193
Total Assessment
$626,256
Contacts
-
Deno Bistolarides -
Aiden Kahalani -
Brent Hanna -
Evan Lyons -
Encore Real Estate Investment Services
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