102-Unit Historic Adaptive Reuse Portfolio - Complete Architect Package - High Yield Pro-Forma

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102-Unit Historic Adaptive Reuse Portfolio - Complete Architect Package - High Yield Pro-Forma

Ashtabula, OH 44004
Asking Price
$1.50M
Asset Type
Retail
Class
Class B

What's Special

Located in the heart of Ashtabula, Ohio, this 102-unit historic adaptive reuse portfolio occupies a central position within the city’s downtown commercial district. The surrounding neighborhood is characterized by a blend of long-standing local businesses and emerging revitalization projects. The site offers immediate proximity to municipal offices, financial institutions, and the scenic Ashtabula River waterfront. Transportation access is provided via State Route 11 and U.S. Route 20, ensuring logistical connectivity for regional deliveries and local commuters. The portfolio is structured for high-density retail integration, making it suitable for mixed-use development or a multi-tenant shopping hub. Ideal use cases include boutique storefronts, essential neighborhood services, and food and beverage establishments that cater to both residents and visitors. Typical tenants would include local specialty retailers, professional service firms, and franchise operators seeking a high-traffic urban environment. The inclusion of a complete architect package facilitates streamlined tenant improvements and customized interior layouts.

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NOI
$80,000
Cap Rate
5.33%
DSCR
0.90
Underwater
Cash-on-Cash
-2.01%
Monthly Payment
$7,421.182
Annual Cash Flow
$-9,054.179

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