Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace
AUCTION SITE: https://rimarketplace.com/auction/2317/reit-sale-former-rite-aid-with-double-drive-thru-hard-corner?utm_source=costar
Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 614 Bradshaw Avenue in East Liverpool, Ohio (the “Property”). Formerly occupied by Rite Aid, the Property is being offered significantly below replacement cost, providing an excellent opportunity for owner/users or investors to acquire a highly visible and strategically positioned asset at a significant discount. FIRST BID MEETS RESERVE!
Built in 1998, the Property consists of a one-story, free-standing retail building containing ±11,352 gross square feet, with 45 parking spaces, on a ±1.2-acre parcel (±52,371 SF). The site features a double drive-thru, two ingress/egress curb cuts along Walnut Street and Bradshaw Avenue and offers exceptional frontage on a hard corner with 186’ ft on Bradshaw Ave and 256’ ft on Walnut St. Its proximity to Highway 30 (±19,042 VPD) enhances its accessibility and visibility, making it an ideal location for retail or commercial reuse. The Property was formerly occupied by Rite Aid on a NNN lease, offering potential owner/users or investors significant value-add opportunities through lease-up at long-term market rates (CoStar estimated rents of $10–12/SF NNN retail). Zoned B-5, Central Business District within Columbiana County, the Property benefits from flexible zoning allowances that support a wide variety of uses.
Strategically located in East Liverpool, Ohio, the Property is situated in a well-connected corridor with access to key demand drivers, including local schools, healthcare facilities, and retail establishments serving the community. Walnut Street records ±4,955 VPD (2022), and Highway 30 ensures broader regional connectivity. Less than 1 mile from East Liverpool City Hospital, a 152-bed full-service facility providing emergency care, the Property is also within 2 miles of East Liverpool High School, Junior High, Middle and North Elementary, which collectively serve over 1,500 students. Situated less than 1 hour from Pittsburgh, Pennsylvania, and approximately 45 minutes from Youngstown, Ohio, the Property benefits from proximity to major urban centers while maintaining the charm and affordability of a smaller community. East Liverpool’s location near the Ohio-West Virginia-Pennsylvania border offers seamless regional access via I-376 and Highway 30, connecting it to larger metropolitan areas. The Property is located in an area that serves ±30k people within a 5-mile area and ±55,760 individuals with an AHHI of ±$75k within an expanded 10-mile area.
Thomas Seaman
Auctioneer
License: 2007000016