1951 W Prospect Rd

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1951 W Prospect Rd

ashtabula, OH 44004
Asking Price
$1.25M
Asset Type
Retail
Class
Class B

What's Special

1951 West Prospect Road is situated in a established commercial corridor in Ashtabula, Ohio. The property benefits from its position along a primary local thoroughfare, providing direct access to nearby residential neighborhoods and industrial centers. The immediate area features a mix of local service businesses, automotive centers, and hardware stores. It is located less than three miles from the Lake Erie shoreline and within close proximity to State Route 11, facilitating regional logistical access. Daily traffic is supported by the surrounding mix of suburban housing and proximity to the city’s downtown district. The property is suited for retail operations requiring visibility and consistent local vehicle traffic. Ideal use cases include neighborhood convenience stores, specialty equipment showrooms, or service-oriented retail such as repair shops and fitness centers. The site footprint accommodates businesses that prioritize easy ingress and egress for a local customer base. Typical tenants would include regional service providers or independent retailers seeking a functional location within a transitional commercial zone. This asset offers a versatile layout for occupants focused on serving the daily needs of the Ashtabula community.

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NOI
$80,000
Cap Rate
6.40%
DSCR
1.08
Tight
Cash-on-Cash
1.54%
Monthly Payment
$6,184.318
Annual Cash Flow
$5,788.184

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