4200 Benefit AveAshtabula, OH 44004

  • Manufacturing properties
  • 293,441 SF
For Sale
$3,500,000 View listing

Property Details for 4200 Benefit Ave

Year built
1947
Construction
CONCRETE BLOCKS
Lot size
19.05 AC
Property size (Sq ft)
293,441 SF
Property type
Manufacturing properties
APN
05-309-00-008-00
APU
53090000800

Description

This exceptional 283,527 square foot industrial property in Ashtabula, Ohio, presents a compelling investment opportunity. Situated on a 19.05-acre lot with convenient access to US Route 20 and State Routes 11 & 45, this two-story building boasts 10 loading docks, 10 drive-in doors, and impressive ceiling heights ranging from 15 feet to 23 feet 6 inches. The property includes a 3,000 KVA power station, a truck scale, and extensive outdoor storage. Currently, portions are leased to Great Lakes Shipyard (114,000+ SF) and Associated Materials (42,000+ SF), leaving 127,527+ square feet available. Built in 1947, the building features a dry sprinkler system, multiple cranes, and is mostly fenced. While rail access has been removed, it's feasible to reinstate. The property is zoned industrial and offers five distinct areas within the plant. All city utilities are available. The asking price is $3,500,000, translating to $12.34 per square foot. The APN is 05-309-00-008-00. This property is ideal for a variety of manufacturing and warehousing operations.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $60,424,260
    Hospitality
    $55,348,296
    Educational
    $46,049,132
    Medical
    $47,632,836
    Retail
    $71,631,984

Location Insight

City
Ashtabula
County
Ashtabula
State
Ohio
Latitude
41.867
Longitude
-80.804
CBSA code
11780
CBSA name
ASHTABULA, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$52,870
$70,000
$664,410
$734,410
-
$200,000
$1,898,300
$2,098,300

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