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3201 N Ridge Rd E
Ashtabula, OH 44004

Retail Property For Sale

Executive Summary

Current tenant would like to exit lease at or near the end of the year, they purchased a building recently. Renovated the building in 2023 with new roof (20 year warranty), Widened dock doors to 9x10, dock seals, LED lighting, painted interior, replaced dock plate, French drain around back, new Reznor heaters and 3 new exterior man doors.

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Freestanding
Building Size
87,000 SF
Building Class
B
Year Built/Renovated
1995/2023
Price
$4,350,000
Price Per SF
$50
Cap Rate
8.40%
NOI
$365,500
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.30
Lot Size
6.68 AC
Zoning
General Business
Parking
420 Spaces (4.83 Spaces per 1,000 SF Leased)
Frontage
476 FT on North Ridge Rd East

Amenities

  • Pylon Sign
  • Signalized Intersection
  • Monument Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
030520000200
Land Assessment
$40,950
Improvements Assessment
$810
Total Assessment
$41,760
  • Listing ID: 33583350

  • Date on Market: 10/21/2024

  • Last Updated:

  • Address: 3201 N Ridge Rd E, Ashtabula, OH 44004

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