Property profile

516 48th St Ashtabula, OH 44004

OFF-MARKET
Warehouses
Property ID
US66-2396576
8,736 SF 0.16 ac lot Built 1926
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 8,736 square foot industrial property located at 516 W 48th Street in Ashtabula, Ohio, presents a unique investment opportunity. Situated on a 0.16-acre lot, this building boasts impressive features ideal for a variety of uses. The high ceilings, measuring 15 feet, provide ample vertical space for storage or specialized equipment. A significant advantage is the 20-foot garage door positioned at the front of the building, ensuring easy access for large vehicles and equipment. The substantial basement extends the full length of the structure, offering additional storage or potential for expansion. The property's location in Ashtabula offers convenient access to transportation routes and local amenities. This is a rare opportunity to acquire a versatile industrial space at an attractive price point. The seller is motivated and willing to cooperate with prospective buyers. Interested parties should contact the designated point of contact for further details and to schedule a viewing. This property is being sold "as is." All interested parties are responsible for conducting their own due diligence. Don't miss this chance to own a substantial industrial property in a growing area.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1926
Construction WOOD
Total area 8,736 SF
Lot 0.16 ac (6,882 SF)
APN 05-215-00-061-00
UPID US66-2396576

Cap rate & NOI

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

Location

516 48th St Ashtabula, OH 44004
Ashtabula metro Census 704 ASHTABULA, OH MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2019
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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