Building Details

Building Size 11,740 SF

Listing Agency: CBRE | Cleveland k***@cbre.com Show Phone

Listed By: Kevin Moss · License #SAL.2015001299 Show Phone

Source: Moodyscre

Added: Apr 10 Changed: Jul 31 Last Checked: Aug 1 at 1:32PM

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Investment Insights

Based on property information with market context.

Freestanding retail space comprising 11,740 SF on 1 AC at 305 W Main St in Ottawa, Ohio. The property is a former Rite Aid located at a signalized intersection and is zoned B-2 Central Business District. The site has potential to expand to 1.85 AC.

The intersection records over 15k VPD in combined traffic, according to ODOT. Neighboring retailers and restaurants include Walmart, Tractor Supply Co, Dollar Tree, O’Reilly, Casey’s, and McDonald’s. The town of Ottawa has a population of 12,325 within a 10-minute drive time, with average household incomes of $107,742.

Key Highlights

• 11,740 SF freestanding former Rite Aid retail building
• 1 AC site with potential to expand to 1.85 AC
• Signalized intersection with over 15k VPD combined traffic

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Dental Office Spa & Massage Center Nail Salon Hair Salon Skin Care Clinic Food Market

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

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

293

Businesses Nearby

7k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 65% Shops & Services 35%

Pizza Hut Dining

3,114 visits/mo 0.2 miles

Huntington Bank Shops & Services

2,489 visits/mo 0.3 miles

China Wok Dining

1,569 visits/mo 0.4 miles

Demographics for 45875, OH

11,273

Population

4,203

Households

2.7

Avg Household Size

40

Median Age

34%

College-Educated

95%

High-School Grad

102.6 sq mi

ZIP Area

110

Density / Sq Mi

$86,358

Median Household Income

$51,309

Median Earnings

$810

Median Rent

$214,300

Median Home Value

Market

Lease Benchmarks for Ottawa, OH

$14.08 /SF/Yr

Avg Asking Price

$10–$18 /SF/Yr

Price Range

11,896 SF

Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Former drugstore building at a signalized intersection with established retail and restaurant neighbors.

Where is this retail space located?

The property is located at 305 W Main St Ottawa, OH.

What are key features of this property?

This property features: 11,740 SF freestanding former Rite Aid retail building; 1 AC site with potential to expand to 1.85 AC; Signalized intersection with over 15k VPD combined traffic