Drug Store with
For Sale
Contact for pricing
1115 W Prospect Rd, Ashtabula, OH 44004
Former Rite-Aid facility with a loading dock, roll-up delivery door, and pylon signage.
Property Size11,325 SF
Lot Size1.30 Acres
Price / SF$167.77
Days on Market492
Property Features for 1115 W Prospect Rd
General Information
Standard status
Active
Size
11,325 SF
Total Parking Spaces
45
Lot size
1.30 Acres
Property subtype
RETAIL
Zoning
C-4
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Pylon Signage
Yes
Highway Access
Yes
Building Details
Year Built
1996
Tenancy
Single
Listing Agency:
Global Real Estate Advisors
(440) 283-5143
Listed By:
Timothy Sawicki
(440) 283-5143
Source:
Moodyscre
Added: Apr 1, 2025
Changed: Jul 31
Last Checked: Aug 5 at 1:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Global Real Estate Advisors
Investment Insights
Based on property information with market context.
This 11,325-square-foot retail facility was formerly occupied by Rite-Aid and includes a drive-through window, loading dock, and 6’x8’ roll-up delivery door. The building offers a 17’ clear ceiling height, pylon signage, and 45 parking spaces on approximately 1.3 acres. Constructed in 1996, the property is zoned C-4 within the Prospect Rd Commercial Corridor.
The property occupies a signalized corner lot at the northwest corner of West Avenue and West Prospect Road in Ashtabula, Ohio. It is positioned along US Route 20 with access to State Route 11, providing connectivity to established regional routes.
The property occupies a signalized corner lot at the northwest corner of West Avenue and West Prospect Road in Ashtabula, Ohio. It is positioned along US Route 20 with access to State Route 11, providing connectivity to established regional routes.
Key Highlights
- 11,325± square‑foot retail facility on 1.3± acres
- Former Rite‑Aid location with drive‑through window
- 45 parking spaces and pylon signage
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $203.9k | $18.00 |
| − Vacancy | −$5.3k | −$0.47 |
| EGI | $198.5k | $17.53 |
| − OpEx | −$59.6k | −$5.26 |
| NOI | $139.0k | $12.27 |
11,325 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.99M
$1.74M – $2.32M
NOI $138,985 @ 7.0% cap · market cap 7.32%
Second Best
Specialty Retail
$1.63M
$1.43M – $1.90M
NOI $114,244 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,729 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
46k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 41%
Taco Bell
Dining
12,522 visits/mo
0.1 miles
Dollar Tree
Shops & Services
11,455 visits/mo
0.2 miles
Wendy's
Dining
8,311 visits/mo
0.1 miles
O'Reilly Auto Parts
Shops & Services
3,900 visits/mo
0.1 miles
SUBWAY
Dining
3,590 visits/mo
0.1 miles
Demographics for 44004, OH
31,661
Population
15,262
Households
2.1
Avg Household Size
44
Median Age
15%
College-Educated
87%
High-School Grad
74.1 sq mi
ZIP Area
427
Density / Sq Mi
$49,507
Median Household Income
$31,471
Median Earnings
$813
Median Rent
$120,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Rite Aid Pharmacy — 1115 W Prospect Rd, Ashtabula, OH 44004
- Shannon L. Pratschler, RPH — 1115 W Prospect Rd, Ashtabula, OH 44004
- Dennis J. Farina, RPH — 1115 W Prospect Rd, Ashtabula, OH 44004
- Brianne L. Wolf, PharmD — 1115 W Prospect Rd, Ashtabula, OH 44004
- Arelys Medina — 1115 W Prospect Rd, Ashtabula, OH 440046520
Frequently Asked Questions
What type of property is this?
Drug store - Former Rite-Aid facility with a loading dock, roll-up delivery door, and pylon signage.
Where is this drug store located?
The property is located at 1115 W Prospect Rd Ashtabula, OH.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 11,325± square‑foot retail facility on 1.3± acres; Former Rite‑Aid location with drive‑through window; 45 parking spaces and pylon signage
