4 Newark Rd - Drug Store FOR SALE


Mount Vernon, OH 43050
$1,975,000 USD
775-348-5220
4 Newark Rd, Mount Vernon, OH for Sale
$1,975,000 USD
Drug Store - FOR SALE
1/3
null | Request Cap Rate

4 Newark Rd
Mount Vernon, OH 43050


HIGHLIGHTS

  • Newark Rd - 27,000+ Cars Per Day
  • 1.07 Acre Parcel | 10,967 SqFt Building
  • Hard Corner Location - 3 Access Points
  • Population Exceeds 20,000 (3-mile radius)

OVERVIEW

*Property is being marketed as an Owner/User investment. Property is currently occupied as of July 17th, 2024 and is being offered subject to the National Bankruptcy Filings. Expected store closure August 2024. A 10,967 SqFt Former Rite Aid building sitting on a 1.066-Acre parcel. The site is on a hard corner with 3 access points, two in the front and one in the rear of the building. The property sits on Newark Road which averages over 27,000 cars per day. There are over 20,000 residents in a 3-mile radius with average household income exceeding $67,000. The property is adjacent Baker's grocery store and near many national concepts such as Wendy's, Subway, McDonald's Taco Bell, Pizza Hut, Tim Hortons and more. The building is 1-mile from Mount Vernon Nazarene Univeristy, Mt Vernon High School and Mt Vernon Middle School.

FOR SALE DETAILS

PRICE

$1,975,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former Rite Aid

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

-

APN/PARCEL ID

66-02176.000

ASK ABOUT THIS PROPERTY

Todd BlonsleyMarcus & MillichapMore Info
775-348-5220

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Todd BlonsleyMarcus & MillichapMore Info
775-348-5220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.