Entity Owned Property summary
This exceptional retail opportunity presents a 10,967-square-foot former Rite Aid building situated on a 1.07-acre lot in Mount Vernon, Ohio. Currently vacant, the property is available for sale at $1,975,000 ($180.09/sq ft) and is being offered as an owner-user investment. Built in 1986 and renovated in 2015, the building enjoys a highly visible hard corner location on Newark Road, boasting three convenient access points. This prime location benefits from exceptionally high traffic volume,… averaging over 27,000 cars daily. The surrounding area is densely populated, with over 20,000 residents within a three-mile radius and an average household income exceeding $67,000. The property's strategic placement is further enhanced by its proximity to a Baker's grocery store and numerous national restaurant chains, including Wendy's, Subway, McDonald's, Taco Bell, Pizza Hut, and Tim Hortons. Its location is also convenient to Mount Vernon Nazarene University, Mount Vernon High School, and Mount Vernon Middle School, adding to its appeal. The fee-simple ownership provides complete control and potential for significant return on investment. The property was previously occupied and is subject to national bankruptcy filings, with an expected store closure in August 2024.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 11 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 1,941 SF
- Lot area
- 0.18 ac
- Year built
- 1970
- APN
- 66-07614.000
- Assessed value · 2023
- $9,730
- Annual tax · 2023
- $481
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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