3451 Highway 101
Florence OR 97439
Rite Aid
3451 Highway 101 Florence OR 97439
Listing #: 695302 | Status: Pending | Last Modified: 4/9/2026 |
For Sale
- Phone:(206) 826-5787
- Email:brownretailgroup@marcusmillichap.com
- Office Name:Marcus & Millichap, Inc.
- Office Phone:(206) 826-5700
- Office Website:www.marcusmillichap.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 2,160,000.0
- $/SF$ 125.1
- Listing StatusPending
- Days on Market391
- Asset ClassRetail
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 0.00 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings1
- # of Floors1
- # of Units0
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF17272
- Net Rentable Area17272
- Total Office SF
- Largest Contiguous SF
- Lot SF64033
- Acres1.47
- Property TypeRetail
- Office Type
- Building Class
- CountyLane
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaNot Assigned
- Tax ID #0785087
- Additional Parcels
- ZoningHC
- Year Built
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeMasonry
Former Rite Aid | Priced Below Replacement Cost
Marcus & Millichap’s Brown Retail Group has been exclusively selected to market for sale the Former Rite Aid at 3451 Hwy 101, Florence, OR — a premier value-add or redevelopment opportunity in a thriving retail corridor. The Property is a 17,272 SF freestanding high-quality concrete block building, built in 2008 and is priced at $125/SF, which is a fraction of the cost to build a comparable building in today’s market, and is also equipped with abundant on-site parking and includes a drive thru. The Property is located on a signalized hard corner with exceptional visibility and direct exposure to over 34,000 vehicles per day. With a high-volume Fred Meyer located just minutes away—drawing over 1.4 million visitors per year—the location provides significant consumer traffic and retail synerg








