2893 N Ridge Rd E

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2893 N Ridge Rd E

Ashtabula, OH 44004
Asking Price
$3.15M
Asset Type
Retail
Class
Class B

What's Special

2893 N Ridge Rd E is situated along the primary commercial corridor of Ashtabula, Ohio. The property is located in a high-traffic area characterized by a mix of regional retail centers, automotive services, and hospitality businesses. It offers convenient access to State Route 11 and Interstate 90, facilitating regional connectivity. Nearby amenities include national big-box retailers, grocery stores, and various dining options, ensuring steady consumer draw to the immediate vicinity. The property's location and visibility make it suitable for a diverse range of retail applications, including storefront boutiques, specialized showrooms, or service-oriented businesses. Typical tenants for this asset profile include regional franchisees, medical office providers, or local entrepreneurs seeking a high-exposure location with established infrastructure. The flexible layout supports businesses requiring both sales floor space and logistical access for inventory management.

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NOI
$80,000
Cap Rate
2.54%
DSCR
0.43
Underwater
Cash-on-Cash
-11.32%
Monthly Payment
$15,584.481
Annual Cash Flow
$-107,013.776

Location & Travel Times