Freestanding Retail Pharmacy
3710 Shawnee Rd Lima, OH 45806
For Sale
Contact for pricing
Freestanding 14,564 SF retail building with a double drive-thru and 60 parking spaces on 1.46 AC.
Property Size14,564 SF
Lot Size1.46 Acres
Price / SF$89.26
Days on Market122
Property Features for 3710 Shawnee Rd
General Information
Standard status
Active
Size
14,564 SF
Lot size
1.46 Acres
Property subtype
RETAIL
Listing Agency:
CBRE | Cleveland
(216) 577-1517
Listed By:
Kevin Moss · License #SAL.2015001299
(216) 577-1517
Source:
Moodyscre
Added: Mar 30
Changed: Jul 27
Last Checked: Jul 28 at 3:18PM
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 CBRE | Cleveland
Investment Insights
Based on property information with market context.
Freestanding former Rite Aid retail building offering 14,564 SF on 1.46 AC at a signalized hard corner. The site includes 60 total parking spaces and a double drive-thru configuration, supporting convenient customer access from both directions.
The property is located on a main/main southwest corridor of Lima at a signalized intersection with reported over 20,000 VPD at the intersection. Nearby users include CVS, Dollar General, Apollo Career Center, and Joint Systems Manufacturing Center.
The property is zoned B-2 Business and Commercial.
The property is located on a main/main southwest corridor of Lima at a signalized intersection with reported over 20,000 VPD at the intersection. Nearby users include CVS, Dollar General, Apollo Career Center, and Joint Systems Manufacturing Center.
The property is zoned B-2 Business and Commercial.
Key Highlights
- Freestanding 14,564 SF former Rite Aid on 1.46 AC at a signalized hard corner
- B‑2 Business and Commercial zoning
- Double drive‑thru plus 60 total parking spaces
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 | $85.6k | $5.88 |
| − Vacancy | −$3.1k | −$0.21 |
| EGI | $82.6k | $5.67 |
| − OpEx | −$24.8k | −$1.70 |
| NOI | $57.8k | $3.97 |
14,564 SF · lease $5.88/SF/yr · vacancy 3.58% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$2.83M
$2.47M – $3.30M
NOI $197,781 @ 7.0% cap · market cap 15.21%
Second Best
Retail
$825.7K
$722.5K – $963.3K
NOI $57,799 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$3.51M
$3.07M – $4.09M
NOI $245,556 @ 7.0% cap · market cap 18.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- CVS Pharmacy — 2620 W Breese Rd, Lima, OH 45806
- George F. Wolf, RPh — 3710 Shawnee Rd, Lima, OH 45806
- Rite Aid Pharmacy — 3710 Shawnee Rd, Lima, OH 45806
- Amy L. Mankin, RPh — 3710 Shawnee Rd, Lima, OH 45806
- Julene Shepherd — 2620 W Breese Rd, Lima, OH 458061553
Frequently Asked Questions
What type of property is this?
Drug store - Freestanding 14,564 SF retail building with a double drive-thru and 60 parking spaces on 1.46 AC.
Where is this drug store located?
The property is located at 3710 Shawnee Rd Lima, OH.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Freestanding 14,564 SF former Rite Aid on 1.46 AC at a signalized hard corner; B‑2 Business and Commercial zoning; Double drive‑thru plus 60 total parking spaces
