3228 N Ridge Road Ashtabula, OH 44004
Commercial-Other
MLS #: 5085723
Listed By CENTURY 21 HomeStar
Property InformationDescription
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.
Features
- Building Area: 0.00 SF
- Cooling: Central A/C
- Cross Docks: N
- Exterior Description: Other
- For Auction: N
- Heating - Fuel Type: Gas
- Heating Type: Forced Air
- Lot Size In Text: 0.88 Acres
- MLSID: 5085723
- Price Upon Request: N
- Style: Other Style
- Sublease: N
- Tax Year: 2023
- Taxes: $15268.00
- Year Built: 2013
