Listing Summary
Prime value-add retail opportunity in Toledo, OH. Vacant 11,093 SF former Rite Aid on a signalized hard corner (21,500 VPD) with drive-thru near Downtown Toledo.
Full Description
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
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Building Size: 11,093 SF existing brick structure featuring detailed, quality construction
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Acreage: 0.45 Acres
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Year Built: 2003
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Zoning: Regional Commercial (CR) – allows for a broad array of retail, medical, office, and commercial uses
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Site Features: Existing drive-thru canopy, clear sightlines, and multiple ingress/egress points of entry
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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.
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Traffic Volume: Over 21,500 vehicles per day (VPD) pass through the signalized intersection
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Accessibility: Easy ingress and egress along an established commercial strip
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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.
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Dense Population: Over 214,000 residents within a 5-mile radius
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Major Economic Momentum: Toledo is experiencing dynamic growth, backed by a $1 Billion+ active development pipeline across the city
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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:
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Ned Skinner: nskinner@anchorpointcapital.com
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Chandler Dignam: cdignam@anchorpointcapital.com
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Jacob Sparks: jsparks@anchorpointcapital.com
Quick Glance
- Listing ID:
CL-Ohio-28251
- Status:
Active
- Year Build:
2003
- Building Size:
11,093 SqFt
- Lot Size:
0.45 Acr
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