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Turnkey Former Rite Aid | Main Thoroughfare 735 N Water St 11,260 SF Vacant Retail Building Online Auction Sale Uhrichsville, OH 44683
Matterport 3D Tours
Investment Highlights
- Investors and owner/users should take note of this opportunity to acquire a former Rite Aid perfectly placed in the heart of Uhrichsville.
- Flexible on-site zoning allows buyers several options moving forward for retail and office, among other uses, depending on their vision.
- Area demographics bode well for investors with a population on the rise and a workforce of over 3,700 employees within 3 miles.
- N Water Street is a major thoroughfare in the area, linking neighborhoods to downtown and experiencing high traffic of 8,200 vehicles per day.
- Many retailers and restaurants are within a quick walk and drive, such as Zifaro’s Pizza, Dairy Queen, 311 Wine Room, and others catering to locals.
Executive Summary
735 N Water Street stands out as a prime investment and owner/user opportunity in the Uhrichsville market.
This freestanding former Rite Aid, originally constructed in 1999 and meticulously maintained, comprises a generous 11,260 square feet on a single story. Set on a prominent 0.94-acre corner lot, the property boasts ample on-site parking to accommodate both customers and staff. Investors and owner/users will appreciate the flexible Business (B) zoning, which supports a variety of uses, including retail, office, and other commercial ventures. The property's location within an Opportunity Zone further enhances its appeal by offering potential tax advantages to new owners.
This area of Uhrichsville offers an excellent opportunity for both investors seeking their next project and owner/users looking for a business location. The property occupies a prominent corner with heavy daily traffic on N Water Street, which serves as a key route connecting the suburb to the downtown area. Nearby, there are many retail stores and restaurants, including well-known chains such as Family Dollar, Dollar General, and Domino’s Pizza, as well as local favorites like El Pueblito Mexican Cuisine, Rod’s Donuts & Diner, and Mako’s Market & Pharmacy.
This turnkey former Rite Aid property is strategically positioned within the New Philadelphia-Dover market. As of the first quarter of 2026, the New Philadelphia-Dover retail market has a notably low vacancy rate of 2.5%. Currently, there is no retail space under construction in the area, which is advantageous for existing inventory. Demographic data within a 1-mile radius of the property are highly favorable, with a consistent increase in population and a predominance of owner-occupied households.
With its strategic placement on a high-traffic corridor, excellent accessibility, and proximity to established retailers and restaurants, 735 N Water Street presents a compelling proposition for those seeking growth and long-term value in a thriving area.
Property tours are available by appointment only. Please contact the listing broker to schedule.
This freestanding former Rite Aid, originally constructed in 1999 and meticulously maintained, comprises a generous 11,260 square feet on a single story. Set on a prominent 0.94-acre corner lot, the property boasts ample on-site parking to accommodate both customers and staff. Investors and owner/users will appreciate the flexible Business (B) zoning, which supports a variety of uses, including retail, office, and other commercial ventures. The property's location within an Opportunity Zone further enhances its appeal by offering potential tax advantages to new owners.
This area of Uhrichsville offers an excellent opportunity for both investors seeking their next project and owner/users looking for a business location. The property occupies a prominent corner with heavy daily traffic on N Water Street, which serves as a key route connecting the suburb to the downtown area. Nearby, there are many retail stores and restaurants, including well-known chains such as Family Dollar, Dollar General, and Domino’s Pizza, as well as local favorites like El Pueblito Mexican Cuisine, Rod’s Donuts & Diner, and Mako’s Market & Pharmacy.
This turnkey former Rite Aid property is strategically positioned within the New Philadelphia-Dover market. As of the first quarter of 2026, the New Philadelphia-Dover retail market has a notably low vacancy rate of 2.5%. Currently, there is no retail space under construction in the area, which is advantageous for existing inventory. Demographic data within a 1-mile radius of the property are highly favorable, with a consistent increase in population and a predominance of owner-occupied households.
With its strategic placement on a high-traffic corridor, excellent accessibility, and proximity to established retailers and restaurants, 735 N Water Street presents a compelling proposition for those seeking growth and long-term value in a thriving area.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Matterport 3D Tours
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Street View
Street
Map
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Miscellaneous
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,260 SF
Building Class
C
Year Built
1999
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.94 AC
Opportunity Zone
Yes
Parcel Numbers
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Air Conditioning
Demographics
Demographics
1 mile
3 mile
5 mile
2024 Population
7,333
11,604
16,094
2020 Population
6,676
11,213
16,264
2029 Population
7,375
11,544
15,874
2024-2029 Projected Population Growth
0.6%
-0.5%
-1.4%
Daytime Employees
2,382
3,724
5,113
Total Businesses
282
379
496
Average Household Income
$60,373
$60,782
$62,802
Median Household Income
$50,348
$50,043
$52,205
Total Consumer Spending
$75.3M
$122.8M
$175.4M
Median Age
37.3
38.9
40.1
2024 Households
2,912
4,663
6,451
Percent College Degree or Above
7%
7%
7%
Average Home Value
$92,550
$111,426
$124,842
$ values in USD
Nearby Major Retailers
Sale Advisors
Sale Advisors
Kevin Moss, Senior Vice President
Kevin Moss is a Senior Vice President retail broker in the Cleveland office advising retail landlords, tenants, developers, land owners, gas stations, hotels, restaurants, investors and sales via auction throughout northeast Ohio.
Kevin has been involved in various high-profile retail transactions and has completed over 400 transactions since joining CBRE in 2015. Kevin’s hard work resulted in becoming the youngest person to be promoted to First Vice President in the Cleveland CBRE office history in November 2022.
Kevin has extensive training and knowledge in canvassing, and his ability to learn and rapidly adapt to markets to provide up to date market information provides his clients with a value-add competitive advantage. Kevin has a ‘client-first’ mentality consistently resulting in big wins for his clients. Kevin joined CBRE as an Associate in March 2015 after getting his start with Chase Properties, a Cleveland, OH based shopping center owner. While at Chase, he was responsible for the small shop leasing and renewals of Chase Properties’ Ohio, Indiana and Minnesota shopping center portfolio, encompassing over 750,000 square feet. Prior to Chase Properties, Mr. Moss interned at DDR Corp in the Anchor Store Leasing department.
Kevin is an alum of The Ohio State University and was a member of the Alpha Epsilon Pi Fraternity.
Kevin was raised on the east side of Cleveland and now resides in Mentor with his wife, daughter Haven, and three dogs.
Connect with Kevin on Instagram and Twitter.
Kevin has been involved in various high-profile retail transactions and has completed over 400 transactions since joining CBRE in 2015. Kevin’s hard work resulted in becoming the youngest person to be promoted to First Vice President in the Cleveland CBRE office history in November 2022.
Kevin has extensive training and knowledge in canvassing, and his ability to learn and rapidly adapt to markets to provide up to date market information provides his clients with a value-add competitive advantage. Kevin has a ‘client-first’ mentality consistently resulting in big wins for his clients. Kevin joined CBRE as an Associate in March 2015 after getting his start with Chase Properties, a Cleveland, OH based shopping center owner. While at Chase, he was responsible for the small shop leasing and renewals of Chase Properties’ Ohio, Indiana and Minnesota shopping center portfolio, encompassing over 750,000 square feet. Prior to Chase Properties, Mr. Moss interned at DDR Corp in the Anchor Store Leasing department.
Kevin is an alum of The Ohio State University and was a member of the Alpha Epsilon Pi Fraternity.
Kevin was raised on the east side of Cleveland and now resides in Mentor with his wife, daughter Haven, and three dogs.
Connect with Kevin on Instagram and Twitter.
Joseph Khouri, Senior Vice President - Transaction & Advisory
Joseph Khouri joined CBRE in April of 2013, specializing in retail, development, and investment properties with the Transaction and Advisory Services group in the Cleveland, Ohio office. Joseph has ascended as one of the leaders at CBRE Cleveland, by helping expand the retail group since joining, building the team, growing the business footprint and putting clients first.
His unique depth of knowledge and experience originated in real estate development in 2002, where he held the position as Director of Leasing for nearly 11 years with a national developer based in Westlake, Ohio. Prior to full time brokerage, Joseph was responsible for overseeing 3+ million sq. ft. portfolio of retail, office, land, and light industrial space throughout ten states, marketing properties, negotiating lease transactions and handling acquisitions and dispositions in house.
Joseph’s reputation and tireless work ethic has enabled him to establish and maintain strong relationships with his clients. Mr. Khouri has routinely maintained the top retail producer ranking at CBRE NE Ohio for several years along with achieving Top 3, and Top 5 overall producer ranking respectively. Delivering best in class service, and converting that into best case results for his clients.
His unique depth of knowledge and experience originated in real estate development in 2002, where he held the position as Director of Leasing for nearly 11 years with a national developer based in Westlake, Ohio. Prior to full time brokerage, Joseph was responsible for overseeing 3+ million sq. ft. portfolio of retail, office, land, and light industrial space throughout ten states, marketing properties, negotiating lease transactions and handling acquisitions and dispositions in house.
Joseph’s reputation and tireless work ethic has enabled him to establish and maintain strong relationships with his clients. Mr. Khouri has routinely maintained the top retail producer ranking at CBRE NE Ohio for several years along with achieving Top 3, and Top 5 overall producer ranking respectively. Delivering best in class service, and converting that into best case results for his clients.
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Auction Contact
Molly Patten
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Auctioneer License:
Ten-X Commercial, LLC Samantha Corbat RE Brkr REC.2019003563; Ohio Department of Agriculture- Auctioneer Program: Ten-X Commercial, Inc. (Ten-X, Inc.) Auctioneer Corporation 2022000147 Samantha Corbat Auctioneer 2023000126
1 of 31
Videos
Matterport 3D Exterior
Matterport 3D Tours
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Turnkey Former Rite Aid | Main Thoroughfare | 735 N Water St
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Turnkey Former Rite Aid | Main Thoroughfare | 735 N Water St
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