1833 51St StAshtabula, OH 44004

Property Details for 1833 51St St

Year built

1983

Lot size

1.57 AC

Property size (Sq ft)

16,098 SF

Property type

Retail space

APN

05-202-00-033-01

APU

52020003301

Description

This exceptional industrial property, located in Ashtabula County, offers a versatile 5,000 square foot warehouse/flex space perfect for a multitude of business needs. Situated on a generous 2.15-acre lot, this single-story, Class C building presents a unique opportunity. Constructed in 1983, the property features a single building with multiple suites available for lease. The property's APN is 05-202-00-033-01, 05-202-00-033-02. Its flexible layout makes it suitable for various industrial, warehousing, or light manufacturing operations. The property's single-story design optimizes efficiency and accessibility. The ample lot size provides significant room for expansion, maneuvering, and potential future development. This is a rare opportunity to secure a well-located, functional industrial space in a growing area. The property's classification as both warehouse and flex space ensures adaptability to a wide range of business models. Interested parties are encouraged to inquire further to explore the possibilities this property offers. The property is currently available for multiple tenants. This is a single building property.

• CAP approach

  CAP return

  Valuation

  6%

  $4,257,162

  6.5%

  $3,929,688

  7%

  $3,648,996

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,794,634

  Geo Method

  $3,794,634

• Alternative Use

  Use

  Valuation

  Residential

  $3,314,839

  Hospitality

  $3,036,375

  Educational

  $2,526,228

  Medical

  $2,613,109

  Retail

  $3,929,688

Location Insight

City

Ashtabula

County

Ashtabula

State

Ohio

Latitude

41.8608

Longitude

-80.7707

CBSA code

11780

CBSA name

ASHTABULA, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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