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    4546 Ridge Rd Geneva, OH 44041

    For Sale
    $279,000

    Victorian Charm, High-Traffic Location

    Property size:
    4,385 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This stunning 4,385 sq ft Victorian group home/assisted living facility in Geneva, Ohio, presents a unique investment opportunity. Built in 1878 and extensively renovated in 2004 and 2012, the property boasts 8 bedrooms and 2.5 bathrooms, a full kitchen, and high ceilings with period detailing. The property sits on a 0.59-acre lot with 160 feet of frontage, offering ample space and high traffic counts. Currently vacant, this adaptable building, zoned for commercial and healthcare use, offers multiple potential uses including a bed and breakfast, multifamily dwelling, single-family home, offices, retail space, salon/spa, or mixed-use development. Modern updates include updated plumbing, electrical, and HVAC systems, along with a full sprinkler and security system. The full basement and multiple entrances add to its versatility. The asking price is $279,000, translating to $63.63 per square foot. This property offers significant potential for a savvy investor seeking a prime location and a versatile building with substantial modern upgrades. The property features a full basement and is ADA compliant.

    Property Features for 4546 Ridge Rd

    General Information

    Property type
    Assisted living facilities
    Square Feet
    4,385 SF
    Lot Size
    26,005 SF

    Building Details

    Year Built
    1878
    Buildings
    1
    Stories
    2

    HighLights

    • 4,385 SF Victorian group home/assisted living facility in Geneva, OH, on a 0.59‑acre lot with 160' of frontage.
    • 8 bedrooms, 2.5 baths, full kitchen, high ceilings.
    • Extensively renovated (2004 & 2012) with updated plumbing, electrical, HVAC, sprinkler, and security systems.
    • ADA compliant, full basement, multiple entrances, zoned for commercial and healthcare use.
    • $279,000 asking price ($63.63/SF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Assisted living facilities

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Clothing Store Auto Repair Shop Wholesale Shop Hotel & Motel Kitchen & Bath Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Geneva
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.918424602542
    Latitude
    41.814027722283

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    FAQs

    What type of property is this?
    Assisted living facility - Victorian Charm, High-Traffic Location
    Where is this assisted living facility located?
    The property is located at 4546 Ridge Rd Geneva, OH.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: 4,385 SF Victorian group home/assisted living facility in Geneva, OH, on a 0.59-acre lot with 160' of frontage.; 8 bedrooms, 2.5 baths, full kitchen, high ceilings.; Extensively renovated (2004 & 2012) with updated plumbing, electrical, HVAC, sprinkler, and security systems.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4546 Ridge Rd Geneva, OH 44041
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