Former Rite Aid | Cleveland, OH | 10502 St Clair Ave
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Former Rite Aid | Cleveland, OH 10502 St Clair Ave
11,316 SF Retail Building Cleveland, OH 44108 $1,300,000 ($115/SF)
Investment Highlights
- Highly visible location to over 14,000 vehicles per day on Saint Clair Avenue.
- Property is equipped with a drive-thru.
- Situated within a densely populated area.
- Conveniently sits on a large lot with excellent parking availability and multiple points of ingress/egress.
Executive Summary
Property is Zoned for Local Retail (LR):
Local Retail allows for a broad range of permitted and conditionally permitted uses including medical and educational.
Prime Retail Location:
Property is situated on a corner lot where it receives high traffic counts and excellent visibility. The property is also in close proximity to several universities.
Densely Populated Area:
There are 229,688 people within 5-miles of the subject property, making for a strong customer base for any future tenants.
Drive-Thru Equipped Location:
The subject property features a drive-thru pharmacy window, adding value for future tenants.
Large Lot with Multiple Points of Ingress/Egress:
Situated on 1.55 acres, the large lot size allows for optimized traffic flow or additional access points if the lot is redeveloped or subdivided.
Local Retail allows for a broad range of permitted and conditionally permitted uses including medical and educational.
Prime Retail Location:
Property is situated on a corner lot where it receives high traffic counts and excellent visibility. The property is also in close proximity to several universities.
Densely Populated Area:
There are 229,688 people within 5-miles of the subject property, making for a strong customer base for any future tenants.
Drive-Thru Equipped Location:
The subject property features a drive-thru pharmacy window, adding value for future tenants.
Large Lot with Multiple Points of Ingress/Egress:
Situated on 1.55 acres, the large lot size allows for optimized traffic flow or additional access points if the lot is redeveloped or subdivided.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) 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 Conditions
Property Type
Retail
Property Subtype
Building Size
11,316 SF
Building Class
B
Year Built
1998
Price
$1,300,000
Price Per SF
$115
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.54 AC
Opportunity Zone
Yes
Zoning
LR - Zoning permits local retail uses.
Parking
61 Spaces (5.39 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 108-25-001 | Improvements Assessment | $333,690 (2023) |
| Land Assessment | $207,270 (2023) | Total Assessment | $540,960 (2023) |
PROPERTY TAXES
Parcel Number
108-25-001
Land Assessment
$207,270 (2023)
Improvements Assessment
$333,690 (2023)
Total Assessment
$540,960 (2023)
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Former Rite Aid | Cleveland, OH | 10502 St Clair Ave
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