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2853 Grove AveLorain, OH 44055

11,312 SF Vacant Rite Aid Building

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional freestanding retail property, located at 2853 Grove Ave in Lorain, Ohio, offers 11,312 square feet of vacant space in a high-traffic area. Built in 1998, the building sits on a 0.12-acre lot at the corner of Grove Ave and E 28th St, benefiting from over 14,500 vehicles passing daily. Its strategic location provides excellent visibility and accessibility. The property's strong demographics are highlighted by a population of over 17,000 people residing within a two-mile radius, ensuring a substantial customer base. Furthermore, its proximity to major interstates I-90 and I-80 (less than three miles away) enhances its regional appeal and accessibility. The building's previous tenant, Rite Aid, demonstrated consistently strong sales, indicating the site's proven retail viability. This presents a unique opportunity for a variety of retail businesses seeking a well-located, spacious, and established property in a thriving community. The property is zoned for retail use and is ready for immediate occupancy. This is a rare opportunity to acquire a high-visibility retail space in a densely populated area with excellent traffic counts and convenient access to major transportation arteries. The property's history of successful retail operations makes it an attractive investment for discerning buyers.

Highlights

  • 11,312 SF freestanding former Rite Aid building.
  • High traffic location at Grove Ave & E 28th St, exceeding 14,500 vehicles per day.
  • Densely populated area with over 17,000 residents within a 2-mile radius.
  • Convenient access to major highways I-90 and I-80 (under 3 miles).
  • Excellent historical sales performance as a Rite Aid location.

Property Details for 2853 Grove Ave

Property type
Retail properties
Square Feet
11,312 SF
Year Built
1998
Lot Size (sq. ft)
5,227 SF

Location Insight

City
Lorain
County
Lorain
State
Ohio
Latitude
41.4454127
Longitude
-82.119593
2853 Grove Ave, Lorain, Ohio

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2853 Grove Ave
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