5750 Ridge RdMadison, OH 44057

Property Details for 5750 Ridge Rd

Year built

2003

Lot size

6.11 AC

Property size (Sq ft)

9,720 SF

Property type

Retail properties

Property subtype

Gas stations

APN

01-B-122-0-00-065-0

APU

01B1220000650

Description

This exceptional investment opportunity presents 22,488 square feet of flexible commercial space situated on a 6.11-acre lot in Madison, Ohio. The property boasts two meticulously maintained buildings, each offering 16-foot ceilings and a combined total of nine overhead doors, complemented by substantial exterior storage areas. The versatile space currently accommodates a mix of heavy commercial, retail, and office tenants, all under long-term leases, ensuring a consistent income stream. The property's strategic location along North Ridge Road (US Route 20) provides significant visibility with over 272.7 feet of frontage, capitalizing on high traffic counts. Its proximity to a rapidly expanding area, including a Walmart Supercenter, further enhances its appeal and potential for future growth. The existing tenant base provides a stable foundation for immediate returns, while the ample space and strategic location offer significant opportunities for expansion and increased revenue generation. This property represents a compelling investment prospect for those seeking a stable, high-yield asset in a dynamic market. The property's blend of uses and long-term leases make it an attractive option for investors seeking both immediate income and future appreciation potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,570,482

  6.5%

  $2,372,753

  7%

  $2,203,270

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,291,206

  Geo Method

  $2,291,206

• Alternative Use

  Use

  Valuation

  Residential

  $2,001,506

  Hospitality

  $1,833,368

  Educational

  $1,525,341

  Medical

  $1,577,800

  Retail

  $2,372,753

Location Insight

City

Madison

County

Lake

State

Ohio

Latitude

41.7958

Longitude

-81.0849

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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