Flex Space in Cleveland Submarket | 5750 N Ridge Rd
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Flex Space in Cleveland Submarket 5750 N Ridge Rd
20,698 SF 100% Leased Flex Building Madison, OH 44057 $1,450,000 ($70/SF)
Investment Highlights
- 2 high quality buildings in great condition.
- Room to expand on 6.108 Acre lot.
- 9 Overhead Doors
- Located in rapidly developing area near War-Mart Super-Center.
- 16 ft. Ceilings
- High local demand for leasable flex space.
Executive Summary
22,488 SQ' of Flex Space on 6.108 acres in the Cleveland Submarket of Madison, OH. Consisting of two high quality, well-maintained buildings featuring 16 ft ceilings, a total of 9 overhead doors, and ample exterior storage. The property houses a blend of heavy commercial, retail, and office space. Fully leased with long-term tenants, there remains room for expansion, promising additional revenue streams. Strategically located with 272.7 ft.+/- frontage on North Ridge Rd (US RT 20), the property benefits from high traffic volumes, guaranteeing excellent visibility. Close proximity to a rapidly developing area near War-Mart Supercenter. This property is ideal for investors looking for a stable income stream and potential for growth in a thriving market. Please see video for great overview of the property.
Video Link: https://youtu.be/HiQ0aUxvUXI?feature=shared
Video Link: https://youtu.be/HiQ0aUxvUXI?feature=shared
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - Septic Field
- Heating - Gas
PROPERTY TAXES
| Parcel Number | 01-B-122-0-00-065 | Improvements Assessment | $167,310 |
| Land Assessment | $51,900 | Total Assessment | $219,210 |
PROPERTY TAXES
Parcel Number
01-B-122-0-00-065
Land Assessment
$51,900
Improvements Assessment
$167,310
Total Assessment
$219,210
zoning
| Zoning Code | B-2 (B-2, Regional Business District is intended to provide for retail and service businesses serving the needs of area residents.) |
| B-2 (B-2, Regional Business District is intended to provide for retail and service businesses serving the needs of area residents.) |
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Presented by
The Miller Realty Company
Flex Space in Cleveland Submarket | 5750 N Ridge Rd
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