For Auction
REO Sale: Former Rite Aid | Drive-Thru, Hard Corner
Newark, NY 14513Represented by
SRS Real Estate Partners
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by SRS Real Estate Partners and powered by RealINSIGHT Marketplace, 101 S. Main Street in Newark, New York is a ±13,084-square-foot freestanding building on a ±1.3-acre parcel at a signalized hard corner along S. Main Street, within Newark's established commercial and community core. The property features existing drive-thru infrastructure, flexible commercial zoning (Commercial Stores, Retail Outlet), strong visibility, and convenient access. It is positioned among a deep lineup of national and regional retailers — including McDonald's, Wegmans, Marshalls, Dunkin', Wendy's, Domino's, Taco Bell, AT&T, and Dollar General — and benefits from combined traffic counts exceeding 24,000 vehicles per day across the surrounding roadways. Within a five-mile radius, the trade area supports a population of 16,155, a daytime population of 19,585, and an average household income of $76,070. Now vacant, the building presents an owner-user or redevelopment opportunity for retail, restaurant, medical, or service users seeking a high-visibility corner location in an established Finger Lakes-region community.
Due Diligence
Location
Located at a signalized hard corner on S. Main Street in Newark's established commercial and community core, near the intersection with W. Union Street, the property benefits from combined traffic of ±24,200 VPD and proximity to McDonald's, Wegmans, Marshalls, and Dunkin' — supporting consistent visibility and daily consumer traffic through this Finger Lakes-region trade area.
Transaction Managers
Platform Fee
Buyer pays platform fee at closing.
5% or $25,000 minimum
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
