2900-2916 N Ridge Rd E

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2900-2916 N Ridge Rd E

ashtabula, OH 44004
Asking Price
$1.81M
Asset Type
Retail
Class
Class B

What's Special

Located at 2900-2916 N Ridge Rd E, this retail property is situated along a primary commercial corridor in Ashtabula, Ohio. The neighborhood features a mix of established local businesses, residential pockets, and regional service providers. The site offers direct frontage on State Route 20, providing consistent visibility and straightforward access for local commuters. Nearby amenities include several automotive services, quick-service restaurants, and grocery options, positioning the property within a functional hub of daily consumer activity. The property’s layout and location make it well-suited for diverse retail use cases, such as specialty hardware, decorative showrooms, or discount variety stores. The asset is also appropriate for service-oriented tenants, including veterinary clinics, laundromats, or professional business offices requiring storefront visibility. Typical tenants would benefit from the area's stable demographic base and the property’s ability to accommodate high-volume foot traffic or equipment-heavy commercial operations.

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NOI
$80,000
Cap Rate
4.42%
DSCR
0.75
Underwater
Cash-on-Cash
-5.04%
Monthly Payment
$8,944.998
Annual Cash Flow
$-27,339.97

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