Property profile

5573 RIDGE RD Madison, OH 44057

OFF-MARKET
Agricultural/Rural (General)
Property ID
US66-0222876
13.37 ac lot
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Property summary

AI-generated overview

The property is a development site totaling approximately 17.9 acres located on the north side of North Ridge Road (State Route 20) in Madison, Ohio, and previously used as a used car business. It consists of two parcels with approximately 400 feet of frontage on North Ridge Road; the larger parcel extends roughly 2,000 feet in depth. Zoning is mixed, with B-2 (Regional Business) extending about 500 feet from the road and A-1 (Agricultural) to the north. The B-2 portion permits multiple commercial uses, including restaurants, fast food, office use, and retail. A pond is located toward the northern part of the site. Utilities available at the site include municipal water (Aqua Ohio), electric service (Illuminating Company), natural gas (Enbridge Gas), and Spectrum service. A septic system is present on site. The site also includes a 3,224-square-foot building constructed in 1965, which is zoned B-2.

Property profile

Verified
Property type Agricultural/Rural (General)
Lot 13.37 ac (582,179 SF)
APN 03-A-052-0-00-033-0
UPID US66-0222876

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5573 RIDGE RD Madison, OH 44057
Madison metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2023
Last sale
$150,000
3 recorded transactions
2023
$150,000
2022
$87,500
2021
$49,900
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