3124 N Ridge Rd E - Commercial LAND FOR SALE


Ashtabula, OH 44004 29,185 SF
$2,395,000 USD
216-381-8200
3124 N Ridge Rd E, Ashtabula, OH for Sale
$2,395,000 USD
Commercial LAND - FOR SALE
1/5
29,185 SF

3124 N Ridge Rd E
Ashtabula, OH 44004


HIGHLIGHTS

  • Corporate Credit – Kay Jewelers and Mattress Firm are Both Corporately-Guaranteed Leases
  • Tenant Commitment to Property – Both Tenants Recently Renewed for 5 Years
  • Excellent Tenure – Each Tenant has Operated in the Property for 10 Years
  • Regional Market – Ashtabula is the Focal Retail Marketplace for 97,000 People
  • Modern Construction – Attractive EIFS and Block Storefront Design
  • Depreciable Asset – Building Lease Allows for Annual Depreciation

OVERVIEW

For sale to qualified investors is the fee simple interest in a two-tenant, corporately-leased, modern retail asset in Ashtabula, Ohio. Leased to Mattress Firm and Kay Jewlers, the property is fully stabilized and features recent 5-year extensions from both tenants, a testament to their success during the past 10 years of occupancy. Kay Jewelers is signed by Sterling, Inc., the operating company for Kay, Jared and Zales, and Mattress Firm carries a corporate guaranty from Mattress Holding Corp. Constructed in 2015, the building features a modern storefront design and is situated in the focal point of the Ashtabula retail trade area between Aldi and Aspen Dental. Ashtabula is the hub of business and retail for approximately 97,000 people in Ashtabula County. National retailers surrounding the property also include Walmart, Home Depot, Lowe’s. Planet Fitness, Five Below, Chipotle, McDonald’s, Jimmy John’s, Sheetz, and more.

FOR SALE DETAILS

PRICE

$2,395,000 USD

PRICE/ACRE

$3,574,627/AC

PRICE/SF

$82 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Mattress Firm & Kay Jewelers

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

-

LAND ACRES

0.67 AC

LAND SF

29,185 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Kyle HartungGoodman Real Estate Services GroupMore Info
216-381-8200

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Kyle HartungGoodman Real Estate Services GroupMore Info
216-381-8200

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