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Former Rite Aid For Sale/Lease 2229 E State St 14,564 SF Retail Building Salem, OH 44460 $2,100,000 ($144.19/SF)
Investment Highlights
- Hospital-Adjacent Retail Location | Directly Next To Salem Regional Medical Center, Creating Built-In Daily Traffic And Strong Medical-User Demand
- Signalized, Multi-Street Frontage | Exposure On E. State Street (14,747+ VPD), Southeast Blvd(4,000+ VPD), And E. Pershing Street (3,170+ VPD) For Sup
- High-Barrier Retail Node | Surrounded By National Retailers Including Starbucks, Chipotle, Giant Eagle, Circle K, Take 5 Oil Change, Walmart, and More
- Rare 2.12-Acre Infill Parcel | Large, Well-Configured Site In City’s Primary Retail Corridor | Long-Term Redevelopment Flexibility
- Drive-Thru Infrastructure In Place | Existing Drive-Thru Lane Supports QSR, Coffee, Pharmacy, Or Financial Institution Reuse
- Flexible C-2 Zoning | Allows For Retail, Medical, Restaurant, And Service-Oriented Uses
Executive Summary
For Sale or Lease - Healthcare Corridor Location | Hospital Shadow-Anchored Site | Strong Daytime Population
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,564 SF
Building Class
B
Year Built
2007
Price
$2,100,000
Price Per SF
$144.19
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.12 AC
Parking
40 Spaces (2.75 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Corner Lot
- Pylon Sign
- Signage
- Drive Thru
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 5100121004 | Improvements Assessment | $681,840 |
| Land Assessment | $130,620 | Total Assessment | $812,460 |
Property Taxes
Parcel Number
5100121004
Land Assessment
$130,620
Improvements Assessment
$681,840
Total Assessment
$812,460
Contacts
-
Deno Bistolarides -
Brent Hanna -
Brandon Hanna -
Encore Real Estate Investment Services
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Former Rite Aid For Sale/Lease | 2229 E State St
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