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Rite Aid 1120 S Central Ave 7,006 SF Vacant Retail Building Laurel, DE 19956 $1,804,571 CAD ($257.58 CAD/SF)
Investment Highlights
- 7,006 SF free-standing open concept building
- Multiple points of ingress/egress
- Zoned C-B with capability for retail, office, medical, self-storage or service-oriented businesses
- Large existing parking lot
Executive Summary
acres along Laurel, DE's main corridor, just miles from Rt 13, the major N/S corridor for the
Eastern Shore. Offering high visibility, multiple points of ingress and egress, plentiful parking and
additional land for development or expansion, the property is positioned for growth. The building
on site was a very well performing Rite-Aid Pharmacy that was in operation for many years.
With a wide-open floor plan and a small warehouse and office space in the rear of the building,
the property is very versatile. A new roof (less than 5 years old) and brand new HVAC systems
(about 1 year old) demonstrate that this property has been well maintained over the years.
C-B zoning provides excellent flexibility for retail, office, medical, or service-oriented businesses,
making this an ideal property for investors or owner-occupants
Property Facts
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Now available for the first time ever on the open market, 1120 South Central Avenue is available for lease. Offering a high-visibility location in the heart of Laurel, Delaware, this property is situated less than two miles from Johnny Janosik's World of Furniture on Route 13. Operated as a pharmacy for over 20 years, the space's open floorplan is adaptable for a variety of retail, office, or service-based uses. Flexible C-B zoning allows for a wide range of permitted businesses including daycare centers, restaurants, coffee shops, medical clinics, grocery stores, and more (full zoning code available in this offering memorandum). This is a rare chance to lease a well-positioned, recently upgraded commercial space with excellent accessibility.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 7,006 SF | Retail | - | Now |
1st Floor
| Size |
| 7,006 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 7,006 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Now available for the first time ever on the open market, 1120 South Central Avenue is available for lease. Offering a high-visibility location in the heart of Laurel, Delaware, this property is situated less than two miles from Johnny Janosik's World of Furniture on Route 13. Operated as a pharmacy for over 20 years, the space's open floorplan is adaptable for a variety of retail, office, or service-based uses. Flexible C-B zoning allows for a wide range of permitted businesses including daycare centers, restaurants, coffee shops, medical clinics, grocery stores, and more (full zoning code available in this offering memorandum). This is a rare chance to lease a well-positioned, recently upgraded commercial space with excellent accessibility.
Property Taxes
| Parcel Number | 332-01.00-8.00 | Improvements Assessment | $38,411 CAD |
| Land Assessment | $13,892 CAD | Total Assessment | $52,303 CAD |
Property Taxes
Presented by
Rite Aid | 1120 S Central Ave
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