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Property profile & analytics
FOR LEASE
Outlet malls

1144 W Prospect Rd Ashtabula, OH 44004

45,683 SF 7.23 ac lot Built 1999
Entity Owned 11-yr Hold Free & Clear
Property ID
US66-2466120
Property summary
AI-generated overview

This exceptional 0.2-acre commercial land parcel, located at 1144 W Prospect Rd in Ashtabula, Ohio, presents a unique opportunity for businesses seeking a strategic location in Ashtabula County. The property is designated as single-tenant land, offering complete control and flexibility for development. With a total building square footage of 1 square foot (suitable for new construction), this site is ideal for a variety of commercial ventures. The property's address is conveniently situated at 1144 W Prospect Rd, providing excellent visibility and accessibility. The lot size of 0.2 acres offers ample space for building and potential expansion. Situated in Ashtabula, Ohio, zip code 44004, this location benefits from the area's established infrastructure and proximity to local amenities. This is a rare opportunity to acquire a strategically located commercial land parcel in a growing market. The property is currently available for lease, allowing for immediate development and occupancy. Interested parties are encouraged to act quickly to secure this prime commercial real estate opportunity. The property is classified as commercial land within Ashtabula County, Ohio. Further details regarding zoning and development possibilities are available upon request. This is an excellent chance to establish a strong presence in a thriving community.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1999
Total area 45,683 SF
Lot 7.23 ac (315,069 SF)
APN 05-103-00-034-00
UPID US66-2466120
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
  • Dollar Tree Discount Store
  • Ashtabula Commons Business Service Center Corporate Office
  • Busy Beaver Building Center #60 Building Supply Hardware & Home Improvement
  • Rite Aid Photo (Bike/Boat/Book/etc) Store
  • Coinhub Bitcoin ATM Teller Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.73M
Blend (final) Blend
$1.64M
Owner & transaction history
Ash-i Associates LLC · 11 yrs held
Ash-i Associates LLC
since 2015
4 recorded transactions
2025
Price N/A
2019
Price N/A
2015
Price N/A
2015
$600,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $2.6M +45.9%
Auto repair, garage $2.4M +35.0%
Apartment house (5+ units) $2.0M +12.1%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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