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    2229 E State St Salem, OH 44460

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    For Sale
    $2,500,000

    Former Rite Aid in Salem, OH, with drive-thru.

    Property size:
    14,564 SF
    Lot size:
    2.12 Acres

    Property Features for 2229 E State St

    General Information

    Size
    14,564 SF
    Lot size
    2.12 Acres

    Source: Platz Realty Group Agent Bill Kutlick

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former Rite Aid with Drive-Thru

    This is a former Rite Aid property located in Salem, Ohio, featuring a drive-thru. The property is situated next to Salem Hospital and offers frontage on E. State St, Southeast Blvd, and E. Pershing St. The surrounding area includes restaurants such as Chipotle, Starbucks, and Bob Evans, as well as retailers, a Giant Eagle supermarket, and professional offices. The property has a size of 14564 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rite Aid Drug Store higi Health Consultant Joseph Salmen Pharmacy Leeanne Guido Pharmacy Coinhub Bitcoin ATM ... Atm

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Rite Aid Pharmacy, Walgreens Pharmacy, Joseph Salmen, Corey Less, Leeanne Guido

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Columbiana
    State
    Ohio
    Longitude
    -80.8293358
    Latitude
    40.9008131

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    FAQs

    What type of property is this?
    Drug store - Former Rite Aid in Salem, OH, with drive-thru.
    Where is this drug store located?
    The property is located at 2229 E State St Salem, OH.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Drive-thru access.; - High-traffic location with frontage on three streets (E. State St, Southeast Blvd, & E. Pershing St).; - Proximity to Salem Hospital.
    (330) 565-5701
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    2229 E State St Salem, OH 44460
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    Salem, OH 44460
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2229 E State St Salem, OH 44460
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