2450 Reynolds RdToledo, OH 43614

For Sale
$2,950,000

Former Rite Aid: Redevelopment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
This 14,564 square foot former Rite Aid pharmacy in Toledo, Ohio, presents a compelling redevelopment or lease opportunity. Located at the highly visible, signalized intersection of S. Reynolds Road and Heatherdowns Boulevard, the property benefits from exceptional daily traffic counts exceeding 53,000 vehicles. Its convenient drive-thru lane and two large pylon signs ensure maximum visibility. The site enjoys direct access to I-80/90 (Ohio Turnpike), enhancing accessibility. A strong retail synergy exists with nearby national tenants including Kroger, Goodwill, Huntington Bank, and a new 150,000 square-foot Amazon facility. The 5-mile trade area boasts a substantial population of 153,802 residents and 84,038 daytime employees, with an average household income of $91,426. The property's proximity to several large apartment complexes (Alt Stone Bridge, The Woodlands, Genesis Village, and others) provides a readily available residential customer base. The asking price is $2,950,000 ($202.55/sq ft) with a NNN lease type. This single-tenant property offers significant potential for investors and developers alike. The property is situated at 2450 S Reynolds Rd, Toledo, OH 43614.

Highlights

  • 14,564 SF former Rite Aid, redevelopment/lease opportunity.
  • High-visibility location at S. Reynolds Rd & Heatherdowns Blvd, exceeding 53,000 VPD.
  • Drive-thru, two pylon signs, I-80/90 access.
  • Strong retail synergy, nearby Kroger, Goodwill, Huntington Bank, and new 150,000 SF Amazon facility.
  • 5-mile trade area: 153,802 residents, 84,038 daytime employees, $91,426 avg. household income.
  • $2,950,000 asking price ($202.55/SF), NNN lease.

Location Insight

City
Toledo
County
Lucas
State
Ohio
Latitude
41.5956872
Longitude
-83.6655242
2450 Reynolds Rd, Toledo, Ohio

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2450 Reynolds Rd
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