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    OFF-MARKET
    Commercial real estate

    1040 6th St, Ashtabula, OH 44004-3526

    0.16 ac lot
    Individually Owned 21-yr Hold ~ Est. High Equity
    Property ID
    US66-4367627
    Property summary
    AI-generated overview

    This exceptional Ashtabula, OH property presents a rare blend of residential comfort and commercial potential. Situated on a 0.63-acre lot just a short distance from Lake Erie, this mixed-use offering comprises four parcels. The charming three-bedroom, one-bathroom home features spacious living, dining, and kitchen areas, including a generous kitchen island. Most rooms boast attractive laminate flooring, ample storage, and a walk-in closet. Adjacent to the residence is a thriving business currently operating as a music store. This versatile commercial space includes a full bathroom, several additional rooms suitable for office space or other uses, and a large open area perfect for displays or customer service. The adaptable layout allows for a variety of business ventures, from retail to creative studios. Two additional vacant lots offer further expansion or development possibilities. This unique property's prime location near Lake Erie ensures year-round appeal, attracting both residents and tourists. The combination of a comfortable home, a profitable business opportunity, and extra land makes this an unparalleled investment opportunity. Don't miss this chance to own a property that seamlessly integrates residential living with commercial enterprise.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.16 ac (6,970 SF)
    APN 05-513-00-145-00
    UPID US66-4367627
    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
    Current use
    Occupant on record · Public records
    • Morell Music Musical Instrument Rental Service Music Instructor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Marc J Bovee · 21 yrs held
    Marc J Bovee
    since 2005
    Last sale
    $150,000
    1 recorded transaction
    2005
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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