6704-6720 North Ridge Road, Madison, OH

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6704-6720 North Ridge Road, Madison, OH

madison, OH 44057
Asking Price
$700K
Asset Type
Retail
Class
Class B

What's Special

The property at 6704-6720 North Ridge Road is situated along a primary commercial corridor in Madison, Ohio. Located in a transitional neighborhood that blends residential pockets with suburban retail hubs, the site offers direct frontage on State Route 20. Nearby amenities include local grocery stores, dining establishments, and service-based businesses that cater to the local community. The location provides efficient regional connectivity via North Ridge Road, which serves as a main east-west artery linking Madison to neighboring municipalities and providing accessible routes to the Interstate 90 interchange. This retail asset is suited for businesses requiring high visibility and steady vehicular traffic. The building configuration supports a variety of use cases, including neighborhood convenience stores, specialized boutiques, or professional service offices. Typical tenants for this location often include local retailers or service providers such as hair salons, dry cleaners, and small-scale medical clinics that benefit from proximity to a stable residential population. The flexible layout allows for versatile floor plans to accommodate single-tenant occupancy or multi-unit configurations for smaller commercial operations seeking a presence in the Lake County market.

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NOI
$80,000
Cap Rate
11.43%
DSCR
1.93
Strong
Cash-on-Cash
18.31%
Monthly Payment
$3,462.723
Annual Cash Flow
$38,447.32

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