Former Rite Aid
Prime for potential redevelopment with over 236’ of frontage along Liberty Ave
Marketing description
For registration requirements and regulations, please review here or contact Audrey Hanna | 518-625-8581| [email protected].
Former Rite Aid at 4580 Liberty Ave, Vermilion, OH 44089 offers a standout opportunity to acquire a freestanding 11,724 SF retail building on 1.64 acres in a highly visible, signalized location. Positioned along Liberty Avenue with traffic counts of approximately 14,588 vehicles per day, this well-located site delivers exceptional exposure in one of Vermilion’s established retail corridors. The property features more than 236 feet of frontage along Liberty Avenue and benefits from two full access points from Liberty Avenue and Salem Drive, allowing for convenient customer access and strong circulation throughout the site. Surrounded by national and regional retailers, restaurants, and service providers, the location is well suited for owner-users, investors, or redevelopment-focused buyers. Area demographics further strengthen the opportunity, with average household income exceeding $127,000 within a 5-mile radius. Nearby residential density, daytime population, and strong community spending power support a wide range of potential uses. Ideal for retail, medical, service, or adaptive reuse, this former Rite Aid combines scale, access, visibility, and redevelopment potential in a desirable Lake Erie area market!
- Non-Contingent
- Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
- $10,000 Participation Deposit
4580 Liberty Ave, Vermilion, OH 44089
Investment highlights
OH Auctioneer: Stephen Dawson, OH 2023000138.
- Freestanding 11,724 SF building on 1.64 acres a
- Located at a lit intersection with over 14,588 VPD along Liberty Ave
- Average Household income exceeds $127,000 within a 5-mile range
- Prime for potential redevelopment with over 236’ of frontage along Liberty Ave
- Site has two full access points, one along Liberty Ave and the other along Salem Drive
Listing Contacts
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