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283,527 SF Industrial Building
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4200 Benefit Ave, Ashtabula, OH

Industrial building with leased areas and available space.

Property Size283,527 SF
Lot Size19.05 Acres
Price / SF$12.34
Days on Market1156

Property Features for 4200 Benefit Ave

General Information

Standard status Active
Size 283,527 SF
Lot size 19.05 Acres
Property subtype INDUSTRIAL
Listing Agency: Global Real Estate Advisors
Listed By: Neil Sawicki, SIOR, Broker
Source: Moodyscre
Added: Jun 14, 2023 Changed: Jul 6 Last Checked: Aug 12 at 9:27AM

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 Global Real Estate Advisors

Investment Insights

Based on property information with market context.

This industrial building offers 283,527 square feet of space on 19.05 acres. The plant is divided into five areas. Currently, 114,000 square feet is leased to Great Lakes Shipyard under a lease from 2016 to the present. An additional 42,000 square feet is leased to Associated Materials under a lease from 2018 to the present, expiring in March 2024 and continuing year to year. There remains 127,527 square feet of available space. The building features a dry sprinkler system, 10 docks, and 10 drive-in doors. While rail access was previously available, it has been removed but can be replaced and reactivated. Multiple cranes are located throughout the facility. The majority of the property is fenced. It has a 3,000 KVA, 120/277/480 V, 3 & 4 Phase power supply with a separate power station and a truck scale. Clear ceiling heights range from 15 to 23 feet 6 inches. All city utilities are available. The property also includes outdoor storage for trucks, trailers, or equipment and offers easy access from US Route 20 and State Route 45.

Key Highlights

  • 127,527± SF Available in a 283,527± SF Industrial Building
  • Income Producing Property: 114,000± SF Leased to Great Lakes Shipyard and 42,000± SF Leased to Associated Materials
  • Heavy Power: 3,000 KVA, 120/277/480 V, 3 & 4 Phase Power with Separate Power Station

Property Analytics

Current Use

Conneaut Creek Ship ... Industrial Manufacturer

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Big Box & Wholesale Store Auto Repair 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.

Location Intelligence

Trade Area within ½ mile

206
Businesses Nearby

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
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Frequently Asked Questions

What type of property is this?
Manufacturing property - Industrial building with leased areas and available space.
Where is this manufacturing property located?
The property is located at 4200 Benefit Ave Ashtabula, OH.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 127,527± SF Available in a 283,527± SF Industrial Building; Income Producing Property: 114,000± SF Leased to Great Lakes Shipyard and 42,000± SF Leased to Associated Materials; Heavy Power: 3,000 KVA, 120/277/480 V, 3 & 4 Phase Power with Separate Power Station
(440) 339-8585 Call to check price and availability
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