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    OFF-MARKET
    Retail properties & Spaces

    5573 Ridge Rd, Madison, OH 44057

    17.9 ac lot Built 1965
    Property ID
    Property summary
    AI-generated overview

    This exceptional 17.9-acre development site presents a rare opportunity in Madison, Ohio. Located on the north side of heavily trafficked North Ridge Road (Rt. 20), this property boasts an impressive 400 feet of road frontage. The site comprises two parcels, offering significant flexibility for development. The larger parcel extends approximately 2,000 feet in depth. The zoning is mixed, featuring approximately 500 feet of B-2 (Regional Business) zoning, allowing for a variety of commercial uses including restaurants, fast food establishments, office spaces, and retail outlets. The remaining northern portion is zoned A-1 (Agricultural). Utilities are readily available, including municipal water (Aqua Ohio), electricity (Illuminating Company), natural gas (Enbridge Gas), and Spectrum services. An existing septic system is in place. A sizable pond is situated on the northern section of the property. The previous use of the land was a used car business. This prime location and substantial acreage offer immense potential for a wide range of commercial ventures. The property is priced at $450,000. Contact to schedule a viewing.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1965
    Lot 17.9 ac (779,724 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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