3228 N Ridge Road , Ashtabula, OH 44004
Ashtabula, OH 44004
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.
Details
| Mls | 5085723 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Subtype | Resale |
| Status | Active |
| Year | 2013 |
| Days On Site | 26 |
| Listing Provided By | Century 21 Homestar | Anthony D Takacs |
Features
| Sq Feet | 5,200 |
|---|---|
| Units | 2 |
| Zoning | Retail |
| Acreage | 0.88 |
Market Activity 44004
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Learn More About This Property
| State | OH |
|---|---|
| County | Ashtabula |
| City | Ashtabula |
| Zip Code | 44004 |
| Listing VS Median (in 44004) | |
Price: $1,650,000 low | high Med: $173,450 SqFt: 5,200 low | high Med: 1,352 $ / SqFt: $317 low | high Med: $129 On Site: 26 low | high Med: 36.000000 | |