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    4200 Benefit Ave Ashtabula, OH 44004

    Sponsored
    For Sale
    $3,500,000

    Manufacturing/Warehouse, 283,527 SF

    Property size:
    283,527 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 283,527 square foot industrial property in Ashtabula, Ohio, presents a compelling investment opportunity. Situated on a 19.05-acre lot with convenient access to US Route 20 and State Routes 11 & 45, this two-story building boasts 10 loading docks, 10 drive-in doors, and impressive ceiling heights ranging from 15 feet to 23 feet 6 inches. The property includes a 3,000 KVA power station, a truck scale, and extensive outdoor storage. Currently, portions are leased to Great Lakes Shipyard (114,000+ SF) and Associated Materials (42,000+ SF), leaving 127,527+ square feet available. Built in 1947, the building features a dry sprinkler system, multiple cranes, and is mostly fenced. While rail access has been removed, it's feasible to reinstate. The property is zoned industrial and offers five distinct areas within the plant. All city utilities are available. The asking price is $3,500,000, translating to $12.34 per square foot. The APN is 05-309-00-008-00. This property is ideal for a variety of manufacturing and warehousing operations.

    Property Features for 4200 Benefit Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    283,527 SF
    Lot Size
    829,818 SF

    Building Details

    Year Built
    1947
    Buildings
    1
    Stories
    2

    HighLights

    • 283,527± SF industrial building.
    • Five distinct areas within the plant.
    • 19.05± acre site.
    • 114,000± SF leased to Great Lakes Shipyard (current lease).
    • 42,000± SF leased to Associated Materials (year‑to‑year lease expiring 3/24).
    • 127,527± SF of available space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Conneaut Creek Ship ... Shipbuilding And Repair Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ashtabula
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.805970124619
    Latitude
    41.866800633789

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    FAQs

    What type of property is this?
    Distribution property - Manufacturing/Warehouse, 283,527 SF
    Where is this distribution 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: 283,527± SF industrial building.; Five distinct areas within the plant.; 19.05± acre site.
    Request Owner's contact information
    4200 Benefit Ave Ashtabula, OH 44004
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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
    4200 Benefit Ave Ashtabula, OH 44004
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