2900-2916 N Ridge Rd E - Storefront Retail/Office FOR SALE


Ashtabula, OH 44004
$1,995,722 USD
617-904-4384
2900-2916 N Ridge Rd E, Ashtabula, OH for Sale
$1,995,722 USD
Storefront Retail/Office - FOR SALE
1/5
null | 7.25% Cap Rate

2900-2916 N Ridge Rd E
Ashtabula, OH 44004


HIGHLIGHTS

  • Long Term Tenants
  • Upside Potential
  • Dynamic Anchor
  • Strategic Retail Location
  • Traffic Counts
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the AT&T Plaza located at 2900-2916 North Ridge Road E in Ashtabula, Ohio (the “Property”). The Property consists of a 16,820 square foot building on 1.75 acres of land. The retail plaza features six units and is 85.02% occupied. AT&T anchors the center, which is also home to Lendmark Financial Services, First Cash Inc, Cost Cutters, and a Master Leased unit that will be signed upon close of escrow. In-Place tenants have long tenures at the Property, all with 10+ years of operating history. The AT&T Plaza has a 2,520 square foot vacancy that offers significant upside upon lease-up. The Property is strategically located along North Ridge Road East, one of Ashtabula’s primary commercial corridors, offering strong visibility, frontage, and access. The plaza is situated near the area’s dominant retail anchors, including Walmart Supercenter, Home Depot, Lowe’s, and Ashtabula Towne Square, a regional shopping center featuring national retailers and service-oriented users that serves as a primary retail destination for the market. The location benefits from convenient access to U.S. Route 20, State Route 11, and Interstate 90. Ashtabula is located along the southern shore of Lake Erie in northeastern Ohio and functions as a regional commercial hub for the surrounding communities.

FOR SALE DETAILS

PRICE

$1,995,722 USD

PRICE/SF

$121 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AT&T Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.75 AC

LAND SF

76,230 SF

ZONING

-

APN/PARCEL ID

030460004600

ASK ABOUT THIS PROPERTY

Brendan ConwayHorvath & TremblayMore Info
617-904-4384

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Brendan ConwayHorvath & TremblayMore Info
617-904-4384

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.