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Mixed-Use Property with Warehouse
For Lease
$7 SF/Yr

1626 E Prospect Road, Ashtabula, OH 44004

Street-facing commercial space can be divided, with additional open warehouse area behind it.

Space Size5,000 SF
Days on Market284

Property Features for 1626 E Prospect Road

General Information

Standard status Active
Size 5,000 SF
Net Rentable 5,000 SF
Property subtype Retail
Lease Type Modified Gross

Space & Availability

Contiguous Space 5,000 SF
Divisible Yes
Space Use Retail

Lease Terms

Lease Rate $7 /SF/YR
Monthly Rent $2,916
Rent per SF/Year $7

Additional Details

Warehouse Space 5,000 SF

Amenities

New carpet
LED lighting
open space

Building Details

Year Built 1967
Listing Agency: Keller Williams Greater Cleveland Northeast
Listed By: Rick Osborne · License #2010001710
Source: Lifestagesrealty
Added: Jan 16 Changed: Oct 26 Last Checked: Oct 26 at 3:04PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Greater Cleveland Northeast

Rey
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Investment Insights

Based on property information with market context.

A mixed-use property on E Prospect Road offers 5,000 square feet of storefront retail space and a separate 5,000-square-foot open warehouse area at the rear. The retail space has new carpet and LED lighting, with an open interior layout. The property was built in 1967.

The building is located along SR 20 in Ashtabula City. The storefront area may be subdivided, and the property can accommodate one or multiple tenants.

Key Highlights

  • 5,000 SF of storefront retail space along SR 20
  • Separate 5,000 SF open warehouse area at the rear
  • Storefront space can be subdivided

Property Analytics

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Current Use

Boost Mobile Mobile Phone Store

Suggested Use

Top Pick Real Estate Agency HVAC Service Gym & Fitness Center Bakery (Bike/Boat/Book/etc) Store Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.05 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

446
Businesses Nearby

Demographics for 44004, OH

31,661
Population
15,262
Households
2.1
Avg Household Size
44
Median Age
15%
College-Educated
87%
High-School Grad
74.1 sq mi
ZIP Area
427
Density / Sq Mi
$49,507
Median Household Income
$31,471
Median Earnings
$813
Median Rent
$120,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Street-facing commercial space can be divided, with additional open warehouse area behind it.
Where is this mixed-use property located?
The property is located at 1626 E Prospect Road Ashtabula, OH.
What is the lease rate?
The lease rate is $7 SF/Yr.
What are key features of this property?
This property features: 5,000 SF of storefront retail space along SR 20; Separate 5,000 SF open warehouse area at the rear; Storefront space can be subdivided
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