5 Ashtabula StJefferson, OH 44047
- Retail properties
- 10,400 SF
Property Details for 5 Ashtabula St
- Year built
- 1996
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.71 AC
- Property size (Sq ft)
- 10,400 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 26-021-00-062-01
- APU
- 260210006201
Description
This exceptional 11,332-square-foot freestanding building, formerly a Rite Aid, presents a unique investment opportunity in Jefferson, Ohio. Situated on a 1.13-acre lot, this property boasts high visibility with 233 feet of frontage on N Chestnut Street and 164 feet on E Ashtabula Street. The building is newly remodeled and in excellent condition, ready for immediate occupancy. The property is zoned B-2 Business, allowing for a variety of uses. Ample parking is available, with over 45 spaces. This location benefits from strong demographics, with average household incomes within a 5-mile radius exceeding $80,743. High traffic counts of 7,011 vehicles per day (VPD) are recorded on N Chestnut Street (source: ODOT TIMS). The property is available for sale or lease under a NNN lease structure. This versatile space is ideal for medical offices, pharmacies, or other retail uses. The building's previous use as a Rite Aid provides a solid foundation for a variety of potential tenants. This is a rare opportunity to acquire a well-located, remodeled property in a thriving community.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,750,310
- 6.5%
- $2,538,748
- 7%
- $2,357,408
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,451,496
- Geo Method
- $2,451,496
-
Alternative Use
- Use
- Valuation
- Residential
- $2,141,529
- Hospitality
- $1,961,629
- Educational
- $1,632,052
- Medical
- $1,688,181
- Retail
- $2,538,748
Location Insight
- City
- Jefferson
- County
- Ashtabula
- State
- Ohio
- Latitude
- 41.7428
- Longitude
- -80.7691
- CBSA code
- 11780
- CBSA name
- ASHTABULA, OH MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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