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    4118 Main Ave Ashtabula, OH 44004

    Sponsored
    For Sale
    $199,999

    Five-Unit Multi-Use Investment

    Property size:
    4,955 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This unique investment opportunity in downtown Ashtabula, Ohio, presents a compelling mix of commercial and residential space. Located at 4118 Main Avenue, this 4,955 square foot property sits on a 0.33-acre lot and is zoned for commercial use. The property comprises five distinct units: a retail storefront boasting a large open area, private office, restroom, and storage; two two-bedroom apartments, each with a separate entrance and access to a shared two-car garage; and two additional garage/storage spaces, one approximately 700 square feet and the other approximately 300 square feet. Each apartment features its own address. The retail space and apartments benefit from high visibility on Main Avenue, easily accessible from US-20. The entire building, excluding the larger warehouse/garage, includes a full basement. This versatile property offers numerous possibilities for generating cash flow and return on investment, making it an attractive opportunity for savvy investors seeking a multi-use property with significant potential. The property's APN is 052130003100. Asking price is $199,999.

    Property Features for 4118 Main Ave

    General Information

    Property type
    Land
    Square Feet
    4,955 SF
    Lot Size
    14,375 SF

    Building Details

    Units
    5

    HighLights

    • $199,999 asking price.
    • 0.33‑acre lot with 4,955 square feet of building space.
    • Five units: one retail storefront, two two‑bedroom apartments, and two garage/storage spaces.
    • Commercially zoned.
    • Located at 4118 Main Avenue, Ashtabula, OH 44004.
    Property Profile Location Intelligence

    Current Use by Public Records

    North Coast Golf ... Golf Shop Bula beauty supply Beauty Supply Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ashtabula
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.7799342
    Latitude
    41.8699531

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    FAQs

    What type of property is this?
    Land - Five-Unit Multi-Use Investment
    Where is this land located?
    The property is located at 4118 Main Ave Ashtabula, OH.
    What is the asking price?
    The asking price for this property is $199,999.
    What are key features of this property?
    This property features: $199,999 asking price.; 0.33-acre lot with 4,955 square feet of building space.; Five units: one retail storefront, two two-bedroom apartments, and two garage/storage spaces.
    Request Owner's contact information
    4118 Main 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
    4118 Main Ave Ashtabula, OH 44004
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