5573 North Ridge Rd Madison, OH 44057
Development site available that includes 17.9 acres of land on the north side of North Ridge Road (Rt. 20) in Madison, Ohio. Previous use included used car business. Two parcels included in sale with 400' of frontage of North Ridge Road. Large parcel is approximately 2,000' deep. Current zoning is mixed with B-2 (Regional Business) approximately 500' deep and A-1 (Agricultural) to the north. Multiple uses are allowed for the commercial zoned section that include restaurants, fast food, office, and retail. A large pond sits on the northern part of the site. Municipal water (Aqua Ohio), electric (Illuminating Company), gas (Enbridge Gas), and Spectrum is available to the site. A septic system is on site. Please call for all tours. ["Discover a prime investment opportunity with this exceptional property in the Madison area. Boasting a 3,224 SF building", "constructed in 1965", "and zoned B2", "this property offers immense potential for Land/Retail investors seeking a strategic venture. Ideally located in a thriving commercial hub", "the property presents an ideal canvas for diverse retail or commercial endeavors. With its historical charm and versatile zoning", "this property is perfectly positioned for those seeking to capitalize on the dynamic market in the Madison area. Unlock the possibilities and envision the lucrative prospects that await with this remarkable investment opportunity."]
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
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