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High-Traffic Corner Retail Opportunity
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1560 Parkman Rd NW, Warren, OH 44485

Former drug store suitable for retail, medical, or restaurant concepts.

Property Size11,267 SF
Lot Size1.53 Acres
Price / SF$88.75
Days on Market195

Property Features for 1560 Parkman Rd NW

General Information

Standard status Active
Size 11,267 SF
Lot size 1.53 Acres
Property subtype Retail
Zoning CA
Occupancy 100%

Building Details

Year Built 1999
Buildings 1
Stories 1
Tenancy Single
Listing Agency: Encore Real Estate Investment Services
Listed By: Deno Bistolarides · License #6502378067
Source: Crexi
Added: Mar 16 Changed: Sep 24 Last Checked: Sep 26 at 6:26AM

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 Encore Real Estate Investment Services

Investment Insights

Based on property information with market context.

This 11,267 square foot property, formerly a drug store, is situated on 1.53 acres at a signalized hard corner in a high-traffic area. Located on Parkman Road NW in Warren, OH, the property benefits from high visibility along a major commercial corridor with a traffic count exceeding 10,000 vehicles per day. The open floorplan and drive-thru lane make the space versatile for various concepts, including retail, medical, fitness, or restaurant use. Ample parking is available. The property is surrounded by national retailers such as Aldi and AutoZone, contributing to consistent consumer traffic. Warren's location between Cleveland and Pittsburgh positions it as the commercial hub of Trumbull County, providing access to major markets. The 1.53-acre parcel allows for redevelopment or adaptive reuse. This property is available for immediate occupancy.

Key Highlights

  • Prime location on a signalized hard corner with high visibility and over 10,000 vehicles passing daily.
  • Versatile 11,267 SF space suitable for retail, medical, fitness, or restaurant concepts.
  • Located on a 1.53‑acre parcel allowing for redevelopment or adaptive reuse.

Property Analytics

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Current Use

Rite Aid Pharmacy Pharmacy Rite Aid Pharmacy Amazon Locker - Aera Courier Service Lakshmi Padmanabhan Pharmacy Coinhub Bitcoin ATM ... Atm

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Restaurant Parking Lot & Garage Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

210
Businesses Nearby
Balanced
Demand for This Use

Demographics for 44485, OH

15,172
Population
7,640
Households
2
Avg Household Size
39
Median Age
15%
College-Educated
82%
High-School Grad
7.8 sq mi
ZIP Area
1,945
Density / Sq Mi
$33,720
Median Household Income
$30,225
Median Earnings
$818
Median Rent
$73,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Walgreens Pharmacy — 804 W Market St, Warren, OH 44481
  • Pamela Folman — 804 W Market St, Warren, OH 444811038
  • COVID-19 Drive-Thru Testing at Walgreens — 804 W Market St, Warren, OH 44481
  • Rite Aid Pharmacy — 1560 Parkman Rd NW, Warren, OH 44485
  • Lakshmi Padmanabhan — Rite Aid Pharmacy, 1560 Parkman Rd NW, Warren, OH 44485

Frequently Asked Questions

What type of property is this?
Drug store - Former drug store suitable for retail, medical, or restaurant concepts.
Where is this drug store located?
The property is located at 1560 Parkman Rd NW Warren, OH.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Prime location on a signalized hard corner with high visibility and over 10,000 vehicles passing daily.; Versatile 11,267 SF space suitable for retail, medical, fitness, or restaurant concepts.; Located on a 1.53‑acre parcel allowing for redevelopment or adaptive reuse.
(248) 702-0288 Call to check price and availability
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