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For sale
Conventional restaurants
OH
Ashtabula
44004
4861 N Ridge

Ashtabula County Restaurant Opportunity

4861 N Ridge, Ashtabula, OH 44004

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For Sale

$350,000

Restaurant property with fully functional kitchen and dining area.

Property size:

2,448 SF

Price / SF:

$142/SF

HighLights

Established restaurant location with a history of high traffic from vacationers.
Fully functional kitchen featuring 2 pizza ovens and walk‑in coolers.
Beautiful dining area and public restrooms.
Two gas furnaces and a relatively new roof (approximately 10 years old).
Building's history as a bank offers potential for diverse business ventures.
One‑family owned and operated restaurant.

We can help!

Listing Contact

Assured Real Estate

For Sale

$350,000

Restaurant property with fully functional kitchen and dining area.

Property size:

2,448 SF

Price / SF:

$142/SF

Added:: Mar 9, 2024
Days on Market:: 827
Last Refresh:: May 13 at 8:16 pm

Property Features for 4861 N Ridge

General Information

Standard status: Active
Size: 2,448 SF
Property subtype: Other

Building Details

Year Built: 1974

We can help!

Listing Contact

Assured Real Estate

Listing agent Assured Real Estate

Listing office

Listing date Mar 9, 2024

Source Xome

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 Assured Real Estate

HighLights

Established restaurant location with a history of high traffic from vacationers.
Fully functional kitchen featuring 2 pizza ovens and walk‑in coolers.
Beautiful dining area and public restrooms.
Two gas furnaces and a relatively new roof (approximately 10 years old).
Building's history as a bank offers potential for diverse business ventures.
One‑family owned and operated restaurant.

Overview

This property, formerly a family-owned restaurant and previously Covered Bridge Pizza, presents an opportunity to own a piece of Ashtabula County history. The building features a dining area, public restrooms, walk-in coolers, and a fully functional kitchen equipped with two pizza ovens. The property is located in a location that previously served vacationers heading to the lake, Geneva-on-the-Lake (GOTL), and campgrounds with carry-out services. The building, with a size of 2448 square feet, has potential for a restaurant or other business, as it was formerly a bank. It includes two gas furnaces, and the roof is approximately 10 years old.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$34.4k	$14.04
− Vacancy	−$1.4k	−$0.59
EGI	$32.9k	$13.45
− OpEx	−$8.2k	−$3.36
NOI	$24.7k	$10.09

2,448 SF · lease $14.04/SF/yr · vacancy 4.20% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$352.8K

$308.7K – $411.6K (±1% cap)

NOI $24,695 @ 7.0% cap · market cap 7.06%

Second Best

—

no second resolved use

Theoretical Best

Office A

$456.2K

$399.2K – $532.2K (±1% cap)

NOI $31,933 @ 7.0% cap · market cap 9.12%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Conventional restaurants

Suggested Use

Location Insight

Map
Local Demand

City: Ashtabula
County: Ashtabula
State: Ohio
Longitude: -80.8521557
Latitude: 41.8376149

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For sale
Conventional restaurants
OH
Ashtabula
44004
4861 N Ridge

What type of property is this?

Conventional restaurant - Restaurant property with fully functional kitchen and dining area.

Where is this conventional restaurant located?

The property is located at 4861 N Ridge Ashtabula, OH.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Established restaurant location with a history of high traffic from vacationers.; Fully functional kitchen featuring 2 pizza ovens and walk‑in coolers.; Beautiful dining area and public restrooms.