Description

We are pleased to present this opportunity. Former Rite Aid Pharmacy is a freestanding retail property for sale at 1120 South Central Avenue in Laurel, DE. Its 7,006 SF of gross leasable area sits on 4.4 acres, giving a buyer an existing commercial building and room to consider a broader site plan.

Built in 1980, the building has a wide-open floor plan with a small warehouse and office area at the rear. That layout gives an owner-user a substantial customer-facing area alongside space for back-of-house work. Multiple points of ingress and egress and plentiful parking support day-to-day access. The roof is less than 5 years old, and the HVAC systems are about 1 year old, providing a buyer with useful context for its initial property review.

The property sits along Laurel’s main corridor, where its visibility matters to businesses that rely on customers finding the site. Rt 13, described as a major north-south corridor for the Eastern Shore, is just miles away. Together, the corridor position and multiple access points make the location relevant to an operator planning how customers, staff and deliveries will reach the property. The additional land also leaves room to explore development or expansion alongside the existing building.

Offered at an asking price of $1,299,000, Former Rite Aid Pharmacy presents an owner-user or investor with a choice between using the existing building and planning a larger role for the site. C-B zoning permits a range of commercial and business uses, including retail, general business offices and medical clinics. Buyers can weigh those uses against the building’s open layout, rear support space and acreage rather than treating the former pharmacy configuration as the only path forward.