Share This Listing

Message

932 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Investment Highlights

  • Former Rite Aid single-tenant retail building featuring a drive-thru, ample parking, and strong visibility suitable for many retail or office users.
  • Rare availability of comparable retail or office buildings in this trade area, offering strong potential for both investors and owner-users.
  • Versatile retail footprint supporting uses such as pharmacy, urgent care, general retail, or specialty services with existing infrastructure.
  • Prime SW 4th Ave location with excellent daily traffic counts, strong street presence, and prominent building signage opportunities.
  • Surrounded by national retailers and medical providers that generate steady consumer traffic and support long-term market demand.

Executive Summary

PRICE REDUCTION! WAS $4,995,000
Well-maintained ±17,279 SF former Rite Aid on ±1.82 acres, ideal for an owner-user or investor seeking a high-visibility retail box with drive-thru/pick-up window and ample onsite parking. The single-tenant building offers a functional, open retail layout with strong existing infrastructure and prominent building signage, including a double-sided pylon sign with electronic reader board along SW 4th Avenue. Flexible O-C2 general commercial zoning supports a wide range of retail or service uses, including pharmacy, urgent care, general merchandise, or specialty concepts. Property is available for sale and also offered for lease, providing multiple occupancy strategies in a trade area with limited supply of comparable buildings and strong surrounding national retail and medical co-tenancy.

Property Facts

Sale Type
Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Drug Store
Building Size
17,279 SF
Building Class
B
Year Built
2006
Price
$5,422,854 CAD
Price Per SF
$313.84 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.82 AC
Opportunity Zone
Yes
Zoning
O-C2
Parking
108 Spaces (6.25 Spaces per 1,000 SF Leased)

Amenities

  • Pylon Sign
  • Drive Thru
  • Monument Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 17,279 SF
  • Retail
  • Outparcel
  • Now

LEASE RATE REDUCED! WAS $20.00/SF, NOW $15.00/SF This ±17,279 SF former Rite Aid offers a high-visibility, move-in-ready retail box with a spacious open floor plan, drive-thru/pick-up window, wide storefront, and abundant onsite parking. A double-sided pylon sign with electronic reader board provides exceptional exposure along SW 4th Ave. Flexible O-C2 zoning supports a broad range of retail and service uses, making it ideal for pharmacy, urgent care, general merchandise, or specialty operators. The property is offered for lease and also available for sale, providing multiple occupancy strategies for an operator seeking a prominent standalone building in a strong regional trade area.

Space Size Space Use Position Available
1st Floor 17,279 SF Retail Outparcel Now

1st Floor

Size
17,279 SF
Space Use
Retail
Position
Outparcel
Available
Now

1st Floor

Size 17,279 SF
Space Use Retail
Position Outparcel
Available Now

LEASE RATE REDUCED! WAS $20.00/SF, NOW $15.00/SF This ±17,279 SF former Rite Aid offers a high-visibility, move-in-ready retail box with a spacious open floor plan, drive-thru/pick-up window, wide storefront, and abundant onsite parking. A double-sided pylon sign with electronic reader board provides exceptional exposure along SW 4th Ave. Flexible O-C2 zoning supports a broad range of retail and service uses, making it ideal for pharmacy, urgent care, general merchandise, or specialty operators. The property is offered for lease and also available for sale, providing multiple occupancy strategies for an operator seeking a prominent standalone building in a strong regional trade area.

Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Nearby Major Retailers

Columbia Bank
Chase Bank
WW (Weight Watchers)
CrossFit
Albertsons
Bank of Montreal
U.s. Bank Branch
WaFd Bank
Wells Fargo Bank
Rent-A-Center

Property Taxes

Property Taxes

Parcel Number
2197
Land Assessment
$340,565 CAD
Improvements Assessment
$2,514,746 CAD
Total Assessment
$2,855,311 CAD
  • Listing ID: 38505947

  • Date on Market: 2025-11-19

  • Last Updated:

  • Address: 728 SW 4th Ave, Ontario, OR 97914

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}