YOUNGSTOWN — A cash lending and pawn shop company purchased the former Rite Aid building at 540 E. Midlothian Blvd. for $1.35 million.

FCFS Ohio Inc., the Ohio subsidiary of First Cash Financial Services, purchased six parcels totaling 1.6 acres on the city’s Southeast side Dec. 19 from 540 Youngstown OH LLC, which had owned the properties since Nov. 30, 2009, according to Mahoning County auditor’s records. The store is 10,521-square feet in size.

Based in Fort Worth, Texas, First Cash operates more than 3,300 pawn shops and cash lending locations in 29 U.S. states, the District of Columbia, the United Kingdom, Mexico, Guatemala, Colombia and El Salvador, according to its website.

That includes 59 Cashland and Cash America stores in Ohio. There is a location at 1100 E. Midlothian Blvd., a short distance from the former Rite Aid site.

Rite Aid declared Chapter 11 bankruptcy in October 2023 and closed its Ohio locations by the following year. It emerged from that bankruptcy in September 2024 and filed again in May 2025 for Chapter 11 bankruptcy. It liquidated its assets and closed its last stores in October.

The East Midlothian location is the third former Rite Aid in Youngstown to be sold.

The former Rite Aid location at 3527 Canfield Road in the Cornersburg neighborhood was purchased March 23 for $3,227,103 by 2 Roebling Street Delaware LLC of Point Pleasant Beach, New Jersey, for a Sheetz gas station and convenience store.

LBSY LLC purchased the former Rite Aid at 2701 Market St. on the city’s South Side on July 24, 2024, for $1.5 million, converting it into a senior citizen day center, Buckeye PACE (Program of All-Inclusive Care for the Elderly). The facility opened Aug. 1. The county auditor’s website shows LBSY sold the property for $2.7 million to Jaivant LLC of Santa Barbara, California, on Oct. 23.

Also, the city settled a lawsuit March 5 with AT&T Ohio, who sued for $36,427.94 after Marucci & Gaffney Excavating Co., hired by the city, damaged underground telephone equipment in the vicinity of 540 E. Midlothian Blvd. during a May 11, 2024, excavation-construction project.

A settlement was reached to have the city pay one-third of the damage, $12,142.65 to AT&T. Marucci & Gaffney agreed to pay one-third, and AT&T absorbed the remaining $12,142.65 in damages.

The settlement didn’t include an admission of guilt or liability by the city or the Youngstown-based contractor.