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    6623 Ridge Rd Madison, OH 44057

    Sponsored
    For Lease
    $16 SF/Yr ($9,418 /Mo)

    Prime Retail Space, High Visibility

    Lot size:
    6,850 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6,850 square foot retail property, formerly an Advance Auto Parts, is situated on 1.31 acres of land in Madison, Ohio. Built in 2013, the single-story building features approximately 6,400 square feet of showroom/retail space and an additional 450 square feet of warehouse/shipping area, perfect for a variety of uses. The property boasts a 9' x 8' overhead door, two ADA-compliant restrooms, and ample parking with 28 spaces. Its prominent location on N. Ridge Rd (US 20) offers 172 feet of frontage, ensuring high visibility and accessibility. With over 15,000 vehicles passing daily, this free-standing facility benefits from significant traffic exposure. The B-2 General Business zoning allows for retail, service, and office uses, among others. Nearby retailers include Walmart, Tractor Supply, Giant Eagle, and Walgreens, further enhancing the property's desirability. The property's APN is 01B1080000410, and it's located in Lake County, Ohio, with a zip code of 44057. This is a rare opportunity to acquire a well-located, high-traffic retail space in a thriving area.

    Property Features for 6623 Ridge Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,850 SF
    Total Rate
    9418.75

    Building Details

    Year Built
    2013
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    6,850 SF
    Rate per SF
    $16

    HighLights

    • 6,850 SF retail building on 1.31 acres in Madison, OH.
    • Built in 2013, featuring 6,400 SF of showroom/retail space and 450 SF of warehouse space.
    • Prominent location on N. Ridge Rd (US 20) with 172' of frontage and high daily traffic counts.
    • Features a 9' x 8' overhead door, two ADA‑compliant restrooms, and 28 parking spaces.
    • B‑2 General Business zoning allows for diverse uses; situated near major retailers like Walmart and Giant Eagle.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Lake
    State
    Ohio
    Longitude
    -81.050962605521
    Latitude
    41.802461453989

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, High Visibility
    Where is this retail property located?
    The property is located at 6623 Ridge Rd Madison, OH.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 6,850 SF retail building on 1.31 acres in Madison, OH.; Built in 2013, featuring 6,400 SF of showroom/retail space and 450 SF of warehouse space.; Prominent location on N. Ridge Rd (US 20) with 172' of frontage and high daily traffic counts.
    Request Owner's contact information
    6623 Ridge Rd Madison, OH 44057
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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
    6623 Ridge Rd Madison, OH 44057
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