$1,650,000
3228 N Ridge RD Ashtabula, OH 44004
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$1,650,000
Est. payment /mo
0.88 Acres Lot
New
3228 N Ridge RD Ashtabula, OH 44004
UPDATED:
11/18/2024 10:08 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5085723
HOA Y/N No
Year Built 2013
Annual Tax Amount $15,268
Tax Year 2023
Lot Size 0.880 Acres
Acres 0.88
Property Description
Very rare, newer construction (2013) Strip Center in one of the best locations in Ashtabula. Positioned on a hard corner with a traffic signal directly across from Ashtabula Towne Square and .5 miles to the Rt. 11 freeway exit. Situated in the primary retail corridor of Ashtabula surrounded by national tenants such as Chipotle, Lowes, Home Depot, Verizon, Tractor Supply, Walmart, Drugmart, Aldi, Harbor Fright, and more! High traffic counts of 18,200 VPD! 5,200 SF strip center listed at a 6.45% cap rate on in place income. Huge opportunity to add value by leasing the one vacant space previously occupied by GameStop for 10 years. Once the last unit is rented the cap rate is expected to be 10.00%. The Center is currently occupied by long term tenant Aspen Dental which recently signed their first lease extension showing their commitment to the Center. 2,000 SF retail space available for immediate occupancy. Reach out today for more information and to schedule a tour. Marketing package with Offering Memorandum and Rent Roll available upon request.
Location
State OH
County Ashtabula
Community Shopping
Rooms
Basement None
Interior
Heating Forced Air, Gas
Cooling Central Air
Fireplace No
Exterior
Garage Parking Lot
Fence None
Community Features Shopping
Waterfront No
Water Access Desc Public
Roof Type Flat,Membrane
Present Use Retail
Building
Sewer Public Sewer
Water Public
Schools
School District Ashtabula Area Csd - 401
Others
Tax ID 30300002900
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Anthony D Takacs • Century 21 Homestar • takacs.century21@gmail.com 440-567-8047
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