Former Rite Aid For
3030 Market Ave N Canton, OH 44714
3030 Market Ave N, Canton, OH, 44714
Contact for pricing
For Sale
Contact for pricing
Former Rite Aid with drive-thru near high-traffic intersection.
Property Size11,335 SF
Price / SF$149.98
Days on Market663
Property Features for 3030 Market Ave N
General Information
- Standard status
- Active
- Size
- 11,335 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1998
Listing Agency
NAI Spring
(330) 284-0331
Listed by
Sean Sanford · License #SAL.0000399521
Source
Crexi
Added: Sep 26, 2024 Updated: Jul 6 at 8:15 am Checked: Jul 19 at 8:28 am
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 NAI Spring
Investment Insights
Based on property information with market context.
This property, formerly a Rite Aid, is located near the intersection of Market Avenue N and 30th Street, an area characterized by high traffic volume. The building features a drive-thru and a rear overhead door. The property has a size of 11335 square feet and is suitable for commercial real estate, retail spaces, and drug stores.
Key Highlights
- High traffic location at the intersection of Market Ave N and 30th Street.
- Former Rite Aid location.
- Drive‑thru access.
Local Financial Insights For Specialty 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 | $170.0k | $15.00 |
| − Vacancy | −$5.6k | −$0.50 |
| EGI | $164.4k | $14.50 |
| − OpEx | −$41.1k | −$3.63 |
| NOI | $123.3k | $10.88 |
11,335 SF · lease $15.00/SF/yr · vacancy 3.30% · expense 25.00%
Alternative Uses
Best Use
Retail
$2.96M
$2.59M – $3.45M
NOI $207,162 @ 7.0% cap · market cap 12.19%
Second Best
Specialty Retail
$1.76M
$1.54M – $2.06M
NOI $123,311 @ 7.0% cap · market cap 7.25%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rite Aid
Pharmacy
Rite Aid Photo
(Bike/Boat/Book/etc) Store
Coinhub Bitcoin ATM ...
Atm
LibertyX Bitcoin ATM
Atm
Charles Anderson
Pharmacy
Similar For Sale Nearby
Similar Off Market Nearby
- Charles Anderson — 3030 Market Ave N, Canton, OH 447141428
- Tara Hubert — 3100 Cromer Ave NW, Canton, OH 447092910
- Rite Aid Pharmacy — 3030 Market Ave N, Canton, OH 44714
- Giant Eagle Pharmacy — 3100 Cromer Ave NW, Canton, OH 44709
FAQs
What type of property is this?
Drug store - Former Rite Aid with drive-thru near high-traffic intersection.
Where is this drug store located?
The property is located at 3030 Market Ave N Canton, OH.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: High traffic location at the intersection of Market Ave N and 30th Street.; Former Rite Aid location.; Drive‑thru access.
