3032 North Ridge Road East

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3032 North Ridge Road East

ashtabula, OH 44004
Asking Price
$3.20M
Asset Type
Retail
Class
Class B

What's Special

3032 North Ridge Road East is situated along a primary commercial corridor in Ashtabula, Ohio. The neighborhood is characterized by a mix of established retail centers, automotive services, and residential communities. The property benefits from its proximity to major local amenities, including the Ashtabula County Medical Center and several national grocery chains. Transportation access is provided via North Ridge Road, which serves as a significant east-west thoroughfare, connecting the site to State Route 11 and Interstate 90 for regional connectivity. This retail asset is suited for a variety of commercial applications, including specialty boutiques, service-oriented storefronts, or micro-distribution centers. The typical tenant profile includes local small business owners, regional franchise operators, and professional service providers such as insurance agencies or tax offices. The layout and high-visibility frontage support businesses requiring consistent vehicular traffic and ease of access for local commuters.

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NOI
$80,000
Cap Rate
2.50%
DSCR
0.42
Underwater
Cash-on-Cash
-11.46%
Monthly Payment
$15,831.854
Annual Cash Flow
$-109,982.248

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