Former Rite Aid

For Sale

1605 Broadway Street, Toledo, OH 43609

This Toledo property for sale is located at 1605 Broadway Street. The current listed sale price for Former Rite Aid is $1,785,000. Former Rite Aid is situated on a lot that is 1.26 acre in size.

Contacts

broker
Kaleb Rupp

Encore Real Estate Investment Services

Property Details

  • Property Type Retail - Street Retail
  • Property Size 11,154 SF
  • Lot Size 1.26 Acre
  • Parking Spaces Avail. 57
  • Year Built 2000
  • Date Updated Sep 11, 2025
Toledo, Ohio, is located in the northwest corner of the state along the western shore of Lake Erie. As the fourth-largest city in Ohio, it has a population of around 270,000. Known as the "Glass City" due to its historical significance in the glass manufacturing industry, Toledo became a major center for glass production with companies like Owens-Corning and Libbey Glass. The city’s history dates back to early Native American settlements, with European American settlers arriving in the early 19th century. During the War of 1812, Toledo's location along the Maumee River and Lake Erie made it a strategic area. By the late 19th and early 20th centuries, Toledo’s economy grew rapidly due to the glass industry, as well as automotive manufacturing, steel production, and agriculture. Today, Toledo's economy is diverse, with the manufacturing sector still playing a role, particularly through the presence of the Jeep brand and the Chrysler (now Stellantis) factory. The city also has thriving sectors in healthcare, education, and logistics. The University of Toledo, a large public research institution, contributes significantly to the local economy. Toledo is rich in culture, with prominent attractions like the Toledo Museum of Art, which boasts impressive collections of European and American art, as well as glassworks. The Toledo Zoo, one of the oldest in the United States, and Maumee Bay State Park, with its recreational offerings, are also popular destinations. Sports are important to the city, with the Toledo Mud Hens, a Minor League Baseball team, and the University of Toledo Rockets' NCAA Division I teams. Though Toledo has faced challenges transitioning from its industrial past, it has seen significant revitalization efforts, especially in its downtown area, where urban renewal projects aim to attract new businesses and boost tourism. The city benefits from its transportation infrastructure, with major highways like I-75 and I-80/90 running through it, as well as access to Lake Erie for trade and travel. Today, Toledo continues to build on its industrial legacy while embracing new industries and cultural growth..
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Highlights

  • Great and busy area situated around various retail and quick service restaurants on the corner of a busy intersection averaging just under 30,000 vehicles passing each day.
  • Recently built, this building has a great quality roof and remains in great condition, limiting capital expenditure for immediate reuse.
  • Situated on Broadway street, a well traveled corridor, with excellent frontage and parking, and a location that ensures brand exposure and easy access for customers.
  • The building offers 11,154 sq ft of gross leasable area, purpose-built as a drugstore in 2000—modern compared to many older retail buildings.
  • While formerly a drugstore, the layout may be repurposed for a variety of uses such as a grocery or convenience retail, medical or urgent care facility, specialty retail or experiential tenant.
  • With a parking ratio of 5.11 spaces per 1,000 sq ft, it ensures ample customer access or repurposing flexibility.

Getting around

  • 71/100

    Walk Score ®

  • 51/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Toledo, OH
  • Neighborhood South Side Toledo
  • Zip Code 43609
  • Market Toledo

Points of Interest

  • Gateway Express

    1.13 miles

  • Shell

    1.64 miles

  • Mobil

    1.71 miles

  • Sunoco

    1.74 miles

  • Stop & Go

    1.76 miles

  • Speedway

    1.76 miles

  • AmeriStop

    1.81 miles

  • Tesla Supercharger

    6.06 miles

  • ChargePoint

    8.44 miles

  • Spaghetti Warehouse Parking

    1.43 miles

  • 624 Monroe Street

    1.63 miles

  • Port Lawrence Parking

    1.76 miles

  • ProMedica Parking Garage

    1.77 miles

  • Arena Parking

    1.89 miles

  • Kwik Parking

    1.89 miles

  • Kwik Parking - Courthouse Parking

    1.96 miles

  • Lot 22

    2.12 miles

  • Lot 22W

    2.21 miles

  • Lot 23E

    2.32 miles

  • McDonald's

    0.07 miles

  • Subway

    0.11 miles

  • Taco Bell

    0.14 miles

  • Little Caesars

    0.20 miles

  • Marco's Pizza

    0.61 miles

  • Green Lantern

    0.89 miles

  • Original Sub Shop & Deli

    0.99 miles

  • Oliver House

    1.31 miles

  • Rockwell's

    1.31 miles

  • Souk Mediterranean Kitchen & Bar

    1.31 miles

  • Broadway Food Center

    0.09 miles

  • Save-A-Lot

    1.48 miles

  • Family Food Center

    1.89 miles

  • Seaway Marketplace

    2.50 miles

  • Kroger

    2.90 miles

  • Walmart Supercenter

    3.24 miles

  • Erie Foods

    3.69 miles

  • Great Eastern Shopping Center

    3.75 miles

  • Freeway Plaza

    3.75 miles

  • Meijer

    3.91 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Kaleb Rupp

Encore Real Estate Investment Services

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