1501 N Main St, Findlay, OH 45840
- Commercial real estate
- 14,492 SF
- 2.12 lot acres
Current Use by Public Records
- Amy Bailey, RPh / Pharmacy
- William D. Stamper, RPH / Pharmacy
- Brandon Haas, Pharm / Pharmacy
- higi / Physician
- GNC at Rite Aid / (Bike/Boat/Book/etc) Store / Pharmacy
Property Details for 1501 N Main St
- Year built
- 2007
- Construction
- MIXED
- Lot size
- 2.12 lot acres
- Property type
- Commercial real estate
- APN
- 570001026208
- APU
- 570001026208
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 14, 2022 | — | 327 42 Findlay LLC | — | Deed · related | $2.1M · The Farmers & Merchants State Bank |
| Feb 21, 2014 | $4,976,500 | 327 42 Findlay LLC | Ag Rad Findlay LLC | Limited Warranty Deed | — |
| Sep 11, 2012 | $4,141,800 | A Rad Findlay LLC | Nom Findlay LLC | Limited Warranty Deed | $2.7M · Centerline Finance Corporation |
| Jan 17, 2007 | $2,300,000 | Nom Findlay LLC | Difco INC | Special Warranty Deed | $4.8M · Compass Bank |
Description
This exceptional 14,492 square foot retail building, situated on a 2.11-acre lot in Findlay, Ohio, presents a remarkable leasing opportunity. Formerly a high-performing Rite Aid location with sales exceeding $8.5 million, this single-story, free-standing building boasts a convenient drive-thru and is ideally positioned at the corner of Main Street and Trenton Avenue, experiencing high traffic counts exceeding 37,469 vehicles daily. Constructed in 2007, the property is zoned C-2 and offers significant potential for a variety of QSR or storefront businesses. Its prime location offers unparalleled access to a substantial consumer base, with proximity to Findlay University (over 4,829 students), Findlay High School, Glenwood Middle School, Northview Primary School, and Findlay City Schools Preschool (over 3,036 students total). The area demonstrates strong retail demand, evidenced by recent developments including Starbucks, Dunkin', WhiteWater Car Wash, and Casey's. This vacant property presents a unique chance to establish a thriving business in a high-traffic, well-established area. The lease type is Net, and the building features one story. The property is available immediately.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,820,000
- 6.5%
- $2,600,000
- 7%
- $2,415,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,220,000
- AI Estimate
- $3,141,000
Market price range: $588k - $2.22MMarket price range: $832k - $3.14M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $2,785,000
- OFFICE BUILDING
- $2,325,000
- MEDICAL BUILDING
- $2,240,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Findlay
- County
- Hancock
- State
- Ohio
- Longitude
- -83.6494
- Latitude
- 41.0594
- CBSA code
- 22300
- CBSA name
- FINDLAY, OH MICROPOLITAN STATISTICAL AREA
