3228 N Ridge Road, Ashtabula, OH 44004
$1,650,000
Sq. Ft.: N/A
Type: Commercial
Listing #5085723
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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.
Property Features
County: Ashtabula
Latitude: 41.878389
Longitude: -80.753402
Directions: Easy on N. Ridge Rd.
Heating: ForcedAir, Gas
Cooling: CentralAir
Basement Description: None
Total Number of Units: 2
Possession: DeliveryOfDeed
Water / Sewer: PublicSewer
Water: Public
Parking Description: ParkingLot
Fencing: None
Lot Size in Acres: 0.88
Has Waterfront: No
Roof/Attic: Flat, Membrane
Property Type: COM
Property SubType: Retail
Property SubType 2: Commercial Sale
Year Built: 2013
Status: Active
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Year Fixed. % Interest Rate.
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Listing courtesy of Century 21 Homestar 440-449-9100
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MLS Now (Yes MLS) data last updated at November 20, 2024 8:28 PM ET
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