The asking price for the Harrison Rite Aid has been slashed by $250,000 after the building has sat vacant for more than a year.
“We’ve had interest but no one to take it,” said Lacy Hurley, the selling agent with GVH & Associates, a commercial agency headquartered in Pittsburgh and Tennessee.
“We’re open to whatever use someone has in mind.”
The building at 1529 Freeport Road is now listed at $1.5 million and sits in a prime commercial corridor. Built in 2000, the 11,750-square-foot, one-story building has a drive-thru window and 75 parking spaces.
According to Allegheny County real estate records, the building is assessed at $1.57 million.
It was among more than 70 Rite Aid pharmacies across the Pittsburgh area to close last year after the company’s initial bankruptcy filing in 2023.
No one has contacted the township to express interest, Harrison Manager Amy Rockwell.
“Typically, an individual or entity seriously considering a property will contact the township’s zoning officer to verify the applicable zoning, permitted uses and any related requirements,” Rockwell said. “To date, our zoning office has not received any inquiries regarding the property.”
Rite Aid stores are owned by a variety of entities from private companies to limited liability corporations to international banks, such as Wells Fargo. A large number of stores statewide are owned by a company called Rite Aid of Pennsylvania.
The Harrison property is owned by HPT LP, a commercial real estate entity associated with holding property leases.
Across the region, Rite Aid closures have spawned big changes for small-town business districts. Dollar Tree has pursued the empty spots in Latrobe, Forest Hills and Scottdale.
In Cheswick, a Dollar General opened at 1200 Pittsburgh St. in a building that formerly housed a Rite Aid.
Other locations are waiting for buyers include buildings at Oregon Drive in Lower Burrell, Pleasant Valley Road and Route 130 in Penn Township, East Pittsburgh and North Main streets in Greensburg, and Frankstown and Saltsburg roads in Penn Hills.
Rockwell said the township has high hopes for the Harrison property.
“It is located in an excellent area with significant traffic and strong visibility,” she said. “We believe that makes it an attractive location for a future business or development opportunity.”