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Flex Space with Full Basement
For Sale
$50,000
Pending

516 W 48th St, Ashtabula, OH 44004

Commercial building with tall ceilings, oversized front garage access, and adaptable retail or office configuration.

Property Size8,736 SF
Lot Size0.16 Acres
Days on Market261

Property Features for 516 W 48th St

General Information

Standard status Pending
Size 8,736 SF
Lot size 0.16 Acres

Warehouse & Industrial

Clear Height 15 ft
Drive-In Doors 1

Additional Details

Asking Price $60,000

Taxes and HOA fees

Annual Taxes $1,200

Building Details

Year Built 1926
Listing Agency: Platinum Real Estate
Listed By: Jim Sivalon · License #2019001484
Source: Exprealty
Added: Nov 21, 2025 Changed: Aug 9 Last Checked: Aug 9 at 12:36PM

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 Platinum Real Estate

Investment Insights

Based on property information with market context.

This flex space offers 8,736 square feet within a building constructed in 1926. Interior features include 15-foot ceilings, a 20-foot garage door at the front, and a basement extending across the building’s length. The property is presented for general retail storefront, retail/office, or retail/residential use. Located at 516 W 48th St in Ashtabula, Ohio, the building combines storefront-oriented space with functional service access and substantial lower-level storage area.

Key Highlights

  • 8,736 square feet of rentable building area
  • 15‑foot ceilings
  • 20‑foot front garage door

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Restaurant Big Box & Wholesale Store Building Supply Spa & Massage Center Auto Parts Store

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

15 ft
Clear height
1
Drive-in doors

Location Intelligence

Trade Area within ½ mile

178
Businesses Nearby
Under-served
Demand for This Use

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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Commercial building with tall ceilings, oversized front garage access, and adaptable retail or office configuration.
Where is this flex space located?
The property is located at 516 W 48th St Ashtabula, OH.
What is the asking price?
The asking price for this property is $50,000.
What are key features of this property?
This property features: 8,736 square feet of rentable building area; 15‑foot ceilings; 20‑foot front garage door
More about this property
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