3201 N Ridge Rd E | Ashtabula, OH 44004
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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
Shell & Core
Property Type
Retail
Property Subtype
Building Size
87,000 SF
Building Class
B
Year Built/Renovated
1995/2023
Price
£3,486,525
Price Per SF
£40
Net Initial Yield
8.40%
NOI
£292,948
Tenancy
Single
Number of Floors
1
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
- Signalised Intersection
- Monument Signage
PROPERTY TAXES
| Parcel Number | 030520000200 | Improvements Assessment | £649 |
| Land Assessment | £32,821 | Total Assessment | £33,471 |
PROPERTY TAXES
Parcel Number
030520000200
Land Assessment
£32,821
Improvements Assessment
£649
Total Assessment
£33,471
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