11,267 SF Former Drug Store on 1.53 Acres

Highlights:

• Freestanding 11,267 square foot former drugstore situated on a large 1.53 acre parcel. The property presents a rare opportunity for investors, developers, or owner-users to acquire a highly visible retail building suitable for a variety of uses including retail, medical, discount retail, fitness, or restaurant concepts.
• The property is offered for sale or lease, providing flexibility for investors, owner-users, or tenants seeking a well-located retail site in a growing corridor.
• Located on the signalized hard corner of Parkman Road and Drexel Avenue, the property benefits from excellent frontage and visibility along a major commercial corridor. The site features approximately 273 feet of frontage on Parkman Road and multiple access points, making it highly accessible for customers and deliveries.
• The property is positioned along Parkman Road, a primary retail and commuter route with more than 10,000 vehicles passing the site daily, providing consistent exposure and strong customer traffic.
• The surrounding trade area features numerous national and regional retailers including Aldi, AutoZone, O’Reilly Auto Parts, Dollar Tree, and other neighborhood retail uses, helping drive consistent consumer traffic to the area.
• The building features the typical former pharmacy configuration including a drive-thru lane, large open retail floorplate, and ample parking (approximately 55 spaces), making it ideal for retail, medical, or service-oriented tenants.
• Warren is strategically located between Cleveland and Pittsburgh, providing access to two major metropolitan markets while serving as the commercial hub of Trumbull County.
• The 1.53 acre parcel provides significant flexibility for redevelopment, repositioning, or adaptive reuse of the existing structure, including potential for multi-tenant retail, medical, or service uses.
• The property is available immediately for occupancy, allowing investors or tenants to quickly reposition the building or begin operations.

Description:

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Warren serves as a key economic center in northeastern Ohio and is part of the broader Youngstown–Warren–Boardman Metropolitan Statistical Area. Located approximately 55 miles southeast of Cleveland and 15 miles northwest of Youngstown, the city benefits from strong regional connectivity via major transportation corridors including U.S. Route 422 and State Route 45.

Warren’s economy has historically been rooted in manufacturing and industrial production and continues to diversify with growth in healthcare, logistics, education, and retail sectors. The city is anchored by major regional employers including Trumbull Regional Medical Center, Ultium Cells LLC, and the Trumbull County Government, which supports stable employment across the region.

With access to major Midwest markets including Cleveland, Pittsburgh, and Akron, Warren offers a strategic location for businesses and investors seeking affordability, accessibility, and proximity to larger metropolitan centers. The city’s historic downtown, anchored by Courthouse Square and ongoing revitalization initiatives, continues to support retail activity, small businesses, and community growth.

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