For Sale
$3,250,000
2825 Ridge Rd Ashtabula, OH 44004
Ashtabula, OH Retail Investment Opportunity
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- Seller financing available.
- Turnkey medical office suites available; ideal for owner-users.
- Primarily service-based tenants, resistant to e-commerce disruption.
- Priced below replacement cost at $72 per square foot.
- Strong tenant synergy drives increased property exposure and cross-shopping.
- 68% occupied, offering significant value-add potential; projected 9.6% cap rate upon lease-up at $10 PSF.
Property Details for 2825 Ridge Rd
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 47,615 SF
- Year Built
- 2003
- Units
- 10
Location Insight
- City
- Ashtabula
- County
- Ashtabula
- State
- Ohio
- Latitude
- 41.8522114
- Longitude
- -80.8216532
Nearby Similar for Sale
FAQs
- What type of property is this?
- Lifestyle center - Ashtabula, OH Retail Investment Opportunity
- Where is the lifestyle center located?
- The property is located at 2825 Ridge Rd Ashtabula, OH.
- What is the asking price?
- The asking price for this property is $3,250,000.
- What are key features of this property?
- This property features: Seller financing available.; Turnkey medical office suites available; ideal for owner-users.; Primarily service-based tenants, resistant to e-commerce disruption.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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