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    6008 Ridge Rd Madison, OH 44057

    For Sale
    $3,000,000

    High-traffic, 11-acre development site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 11.47-acre commercial land parcel, located at 6008 N Ridge Rd, Madison, OH 44057, presents a prime opportunity for retail and dining development. Situated directly across from a Walmart Supercenter at a signalized intersection on US Route 20, this property boasts exceptional visibility and accessibility. The site offers approximately 630 feet of frontage and benefits from a high traffic count of 23,715 AADT (2018 data from ODOT). Zoned B-2 Regional Business District, the property allows for a wide range of uses including retail, home improvement, medical facilities, dining establishments, hotels/motels, grocery stores, gas stations, car dealerships, and planned unit developments. The area is already home to a diverse mix of businesses, including Sheetz (future development), Circle K, Giant Eagle, GetGo, ALDI, Tractor Supply, Auto-Zone, Peebles, a classic car dealership, banking institutions, Cleveland Clinic facilities, Lake Hospitals, and numerous national fast-food chains. This established commercial corridor ensures a strong customer base drawn from Madison and surrounding areas. Public sewer and water are available. The property's potential is further enhanced by the possibility of extending Green Road south to accommodate the parcel's full depth. An adjacent parcel to the west is also available for purchase. APN is 01-B-111-0-00-010. Note that frontage totals are approximate. Asking price is $3,000,000.

    Property Features for 6008 Ridge Rd

    General Information

    Property type
    Land
    Lot Size
    499,633 SF

    HighLights

    • Excellent development opportunity adjacent to Walmart Supercenter.
    • High‑traffic location.
    • Signalized intersection with potential for Green Rd extension.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Wholesale Shop Food Market Garden Center Furniture Store Bakery Veterinary Clinic Bed & Breakfast Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Lake
    State
    Ohio
    Longitude
    -81.074000634001
    Latitude
    41.800866626806

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    FAQs

    What type of property is this?
    Land - High-traffic, 11-acre development site.
    Where is this land located?
    The property is located at 6008 Ridge Rd Madison, OH.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Excellent development opportunity adjacent to Walmart Supercenter.; High-traffic location.; Signalized intersection with potential for Green Rd extension.
    Request Owner's contact information
    6008 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
    6008 Ridge Rd Madison, OH 44057
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