Former Rite Aid Redevelopment
Owner-User Freestanding Redevelopment Opportunity | Coast Hwy
Marketing description
*June 2nd Bid Deadline*
Lee & Associates, in association with NNN Investment Group, is pleased to present a rare fee simple owner-user and redevelopment opportunity located at 1201 S Coast Highway in Oceanside, California. The property consists of a 16,730 square foot freestanding retail building situated on a 1.44-acre parcel, originally constructed in 1998 as a Rite Aid with a drive-thru component. Positioned on a signalized hard corner at Coast Highway and Oceanside Boulevard, the asset offers exceptional visibility, multiple points of ingress and egress, and prominent street frontage along one of North County San Diego’s primary coastal corridors.
The property is currently vacant, providing flexibility for an owner-user, repositioning, or redevelopment strategy. Its large parcel size and existing improvements allow for a wide range of retail or mixed-use applications, supported by strong traffic counts approaching 40,000 vehicles per day at the intersection and convenient access to Interstate 5 and regional highways. The site also benefits from proximity to the Coast Highway Sprinter Station, enhancing accessibility and consistent foot traffic within the immediate trade area.
*Seller Reserves the right to accept offer prior to bid deadline
Investment highlights
June 2nd Bid Deadline For Offers
- Rare Coast Hwy Freestanding Redevelopment Opportunity – 16,730 SF Freestanding Former Rite Aid Drive-Thru on a 1.44-Acre Parcel – Flexible Layout Ready for a Variety of Retail Uses and Potential Redevelopment
- Prime Corner Location – Located at the Hard-Corner Signalized Intersection at Coast Hwy & Oceanside Blvd, Averaging Nearly 40,000 CPD
- High-Density and Affluent Coastal Trade Area – Over 73,929 Residents with an Average Household Income Over $123,000 within 3 Miles
- Transforming Coastal Corridor – Strong Tourism and Diverse Economy – Over $6 Million Annual Visitors in 2024
- Explosive Development Growth in Oceanside and Coast Hwy – Retail, Multi-Family, and Mixed-Use
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