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    8310 Sylvania-Metamora Rd Sylvania, OH 43560

    For Sale
    Contact for pricing

    14,564 SF Vacant Rite Aid Building

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail property presents a unique investment opportunity. Located in Sylvania, Ohio, at the intersection of Sylvania-Metamora Road and Centennial Road, this former Rite Aid drugstore offers 14,564 square feet of space in a freestanding building on a sizable 2.56-acre lot. Built in 2007, the single-story structure features a convenient drive-through window. The property is currently vacant, having been occupied by Rite Aid for seventeen years until its recent closure. The site benefits from a high-traffic location, sharing the intersection with established businesses such as Metamora State Bank, S&G/Sunoco, and Centennial Terrace. Sylvania, a northwest suburb of Toledo, boasts a population of approximately 20,000 residents and is part of the Toledo MSA, with a population of 509,000. This prime location, situated in a predominantly residential area with limited drugstore competition, offers significant potential for a variety of retail uses, including grocery, general retail, home goods, childcare, or a convenience store/car wash. The property is available for sale or lease, offering a flexible investment option with a corporate guaranteed lease history. The absolute NNN lease structure provides a low-maintenance investment opportunity. This is a rare chance to acquire a well-located, substantial retail building in a thriving community.

    Property Features for 8310 Sylvania-Metamora Rd

    General Information

    Property type
    Individual retail properties
    Lot Size
    111,514 SF

    Building Details

    Year Built
    2007
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Former Rite Aid pharmacy, 14,564 SF, vacant and available for sale or lease.
    • 14,564 SF building with drive‑through window on a 2.56‑acre corner lot.
    • Located at the high‑traffic intersection of Sylvania‑Metamora Rd and Centennial Rd in Sylvania, OH.
    • Situated in a thriving residential area with limited drugstore competition within the Toledo MSA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sylvania
    County
    Lucas
    State
    Ohio
    Longitude
    -83.74463441995
    Latitude
    41.717131092039

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    FAQs

    What type of property is this?
    Individual retail property - 14,564 SF Vacant Rite Aid Building
    Where is this individual retail property located?
    The property is located at 8310 Sylvania-Metamora Rd Sylvania, OH.
    What are key features of this property?
    This property features: Former Rite Aid pharmacy, 14,564 SF, vacant and available for sale or lease.; 14,564 SF building with drive-through window on a 2.56-acre corner lot.; Located at the high-traffic intersection of Sylvania-Metamora Rd and Centennial Rd in Sylvania, OH.
    Request Owner's contact information
    8310 Sylvania-Metamora Rd Sylvania, OH 43560
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    Sylvania, OH 43560
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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
    8310 Sylvania-Metamora Rd Sylvania, OH 43560
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