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Rite Aid
801 Grow Avenue, Montrose, PA 18801, USA
Sands Investment Group is pleased to exclusively offer for sale the 12,533 SF former Rite Aid located at 801 Grow Avenue in Montrose, PA. This well-maintained property features a highly adaptable layout, making it ideal for conversion to either single-tenant or multi-tenant use. Its flexible design supports various space divisions and buildouts, offering exceptional versatility for owner/users or investors seeking value-add opportunities. With strong visibility and a prime location, this asset presents a compelling platform for repositioning and long-term growth potential.
- The 12,533 SF structure features an adaptable layout that works well for either a single tenant or multiple occupants; Its design allows for various space divisions and buildouts, providing versatility for investors targeting value-add opportunities.
- This prime redevelopment opportunity features ample parking, high ceilings, and excellent visibility along Grow Avenue, making it highly attractive for service-oriented uses such as medical offices, professional workspaces, early childhood education, or veterinary care.
- With its versatile size and flexible layout, the property allows users to customize the space to their needs while benefiting from strong local
accessibility and demand. - The property includes an existing drive-thru, providing added convenience and operational flexibility for quick service businesses or financial institutions seeking high customer turnover and easy access.
- Located at the central entrance to town, with an average household income of $96,000, this is an exceptional opportunity to acquire a premium space in the heart of Montrose, PA.
In Cooperation With Sands Investment Group Pennsylvania, LLC – Lic. PA #RB069072 – BoR: Tom Gorman – Lic. PA #RM424383
Rite Aid
801 Grow Avenue, Montrose, PA 18801, USA
RITE AID
Rite Aid is a longstanding American pharmacy chain founded in 1962 in Scranton, Pennsylvania, originally named Thrift D Discount Center, and rebranded as Rite Aid Corporation in 1968. Investopedia. Rite Aid is a full-service pharmacy committed to improving health outcomes. Rite Aid is defining the modern pharmacy by meeting customer needs with a wide range of solutions that offer convenience, including retail and delivery pharmacy, as well as services offered through the Company’s wholly owned subsidiary Bartell Drugs. There are 764 Rite Aid locations in the United States as of July 15, 2025.
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To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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