569 High StCortland, OH 44410

Property Details for 569 High St

Year built

1998

Lot size

1.46 AC

Property size (Sq ft)

11,388 SF

Property type

Retail properties

Property subtype

Drug stores

APN

34-029300

APU

34029300

Description

This exceptional freestanding retail property, formerly a Rite Aid, presents a unique investment opportunity in Cortland, Ohio. The building boasts a substantial 11,185 square feet of vacant space, situated on a generous 1.46-acre lot. Its convenient location at 569 S High St, with cross access via Natale Dr, ensures high visibility and accessibility for potential businesses. The property is zoned C-2 Highway Commercial District, allowing for a wide range of commercial uses. The ample lot size provides ample parking and potential for expansion or future development. This turnkey property is ready for immediate occupancy, offering a blank canvas for a new business venture or a savvy investor seeking a strong return. The building's previous use as a pharmacy suggests suitability for similar businesses, but the flexible zoning allows for diverse possibilities. Located in Trumbull County, Ohio, with a 44410 zip code, this property offers a strategic location within a thriving community. The substantial square footage and expansive lot size make this an ideal opportunity for a business seeking significant space and visibility. Serious inquiries are encouraged to explore the possibilities of this prime retail location. The property is available for both sale and lease, offering flexibility to suit various investment strategies.

• CAP approach

  CAP return

  Valuation

  6%

  $3,183,634

  6.5%

  $2,938,739

  7%

  $2,728,829

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,684,388

  Geo Method

  $2,684,388

• Alternative Use

  Use

  Valuation

  Residential

  $2,478,936

  Hospitality

  $2,270,692

  Educational

  $1,889,189

  Medical

  $1,954,161

  Retail

  $2,938,739

Location Insight

City

Cortland

County

Trumbull

State

Ohio

Latitude

41.3203

Longitude

-80.7304

CBSA code

49660

CBSA name

YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].