REIT Sale | Former Rite Aid with Drive-Thru | 16K VPD | Signalized Hard Corner

Highlights:

• 11,400 SF Freestanding Former Rite Aid with Drive-Thru on 1.34 AC Parcel | Coolers, Refrigerators, Aisle Shelving Still Installed
• Signalized Hard Corner with ±13,013 VPD Traffic Counts on Youngstown Rd SE and ±3,204 VPD on Central Parkway Ave SE
• Nearby Traffic Drivers: Kimberly-Clark ($960M Campus), St Joseph Warren Hospital, Willard PK-8 School, Dunkin’, and more
• Eastwood Mall Complex is 3.3M SF of Retail including Macy’s, Hobby Lobby, Meijer, Target, Bass Pro Shops, Best Buy, Home Depot (2-miles)
• Attractive Demographics with Population of ±84,981 and Annual Household Income of ±$66,429 (5-Mile)
• Zoned Commercial B & Residential A with a Variety of Permitted Uses

Description:

Ri Marketplace Online Auction March 23-25, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/2972/reit-sale-former-rite-aid-with-drive-thru-16k-vpd-signalized-hard-corner?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2792

Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a vacant, free-standing retail building located at 2840 Youngstown Road SE in Warren, Ohio 44484 (the “Property”). Formerly occupied by Rite Aid, the Property is being offered significantly below replacement cost, providing an attractive opportunity for owner-users or investors to acquire a highly visible, strategically positioned asset at a compelling basis. FIRST BID MEETS RESERVE!

Constructed in 1999, the Property consists of a one-story, free-standing retail building totaling approximately ±11,400 square feet on a ±1.341-acre parcel. The site features a drive-thru, pylon signage, two curb cuts for convenient ingress and egress, and 50 surface parking spaces. The building is currently equipped with existing coolers and refrigerators, along with in-place shelving throughout the sales floor, providing additional value and flexibility for a wide range of retail and service users. Situated at a signalized hard corner, the Property benefits from exceptional visibility and frontage along three roadways, including Youngstown Road SE (US-422) with over ±13,000 VPD, Central Parkway Avenue SE with ±3,204 VPD, and Beck Street SE, which provides access to an established residential neighborhood and Willard PK–8 School (±830 students). Previously leased to Rite Aid on a NNN basis, the Property offers a value-add opportunity through re-tenanting at prevailing market lease rates (CoStar-estimated retail rents of $8–$12/SF NNN). Zoned Commercial B & Residential A, the site allows for a wide range of retail and commercial uses.

The Property is located in Warren, Ohio, the county seat of Trumbull County and a primary commercial hub within the Youngstown-Warren-Boardman metropolitan area, approximately ±15-min from Youngstown-Warren Regional Airport. Positioned along Youngstown Road SE (US-422), a major east-west corridor, the site benefits from close proximity to SR-11, OH-82 (42,000+ VPD), and I-80 (65,000+ VPD), providing efficient connectivity throughout Trumbull County and the broader Northeast Ohio region. The Property is located ±2-Mi from Kimberly-Clark’s new ±$800 million advanced manufacturing facility, currently under construction and expected to deliver ±500 high-skill jobs, with an additional ±$160 million regional distribution center proposed nearby. The immediate vicinity features a mix of national and local retailers and service providers, along with major healthcare anchors including Mercy Health, St. Joseph Warren Hospital (152 beds), located just ±1-Mi from the Property, supporting consistent daily traffic and daytime population. The Property is also situated less than ±2-Mi from the Eastwood Mall Complex, one of the largest shopping destinations in the region, encompassing over 3.4M SF of retail space, including a 1.4M SF enclosed mall. This combination of retail density, healthcare presence, and regional infrastructure positions the Property favorably for future tenancy and long-term investment potential. The surrounding ±5-Mi trade area is home to nearly 85,000 residents and is supported by a diversified economy anchored by healthcare, manufacturing, logistics, and education, reinforcing the Property’s long-term investment upside.


Thomas Seaman
Auctioneer
License: 2007000016
The platform fee for this transaction is the greater of 5.00% or a minimum of $20,000.

Documents: