1818 Prospect RdAshtabula, OH 44004

Property Details for 1818 Prospect Rd

Year built

2006

Lot size

0.11 AC

Property size (Sq ft)

5,951 SF

Property type

Retail properties

Property subtype

Retail space

APN

05-101-00-007-00

APU

51010000700

Description

This exceptional 6,008-square-foot free-standing retail building is available for lease at 1818 W. Prospect Rd. in Ashtabula, Ohio, zip code 44004. The property is a single-tenant space, ideal for a restaurant or other retail business. The building sits on a 0.72-acre lot and offers 38 parking spaces, ensuring convenient access for customers and employees. Currently vacant, this property presents a unique opportunity to establish a strong presence in a thriving commercial area. Its versatile layout is adaptable to a variety of retail or office uses. The building benefits from high visibility from major roadways, maximizing exposure to potential customers. The interior is well-maintained and offers a modern, professional atmosphere. This location in Ashtabula, Ohio provides a solid foundation for business growth and success. The property's ample parking and strategic location combine to create a highly desirable commercial space. This is a turnkey opportunity for a business seeking a prominent location with excellent visibility and convenient parking. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,573,759

  6.5%

  $1,452,701

  7%

  $1,348,936

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,402,774

  Geo Method

  $1,402,774

• Alternative Use

  Use

  Valuation

  Residential

  $1,225,407

  Hospitality

  $1,122,467

  Educational

  $933,879

  Medical

  $965,997

  Retail

  $1,452,701

Location Insight

City

Ashtabula

County

Ashtabula

State

Ohio

Latitude

41.8582

Longitude

-80.8078

CBSA code

11780

CBSA name

ASHTABULA, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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