1606 Prospect Rd Ashtabula, OH 44004-6672
Attention investors! This exceptional 0.2-acre commercial property at 1606 W Prospect Rd, Ashtabula, OH 44004, is priced at $239,000. Boasting a rich history as a thriving car lot for over 30 years, this location offers immediate income potential. The property includes two service bays, equipped with a car lift and tire changing/balancing machine, ready for continued automotive use. A fully furnished front office is included, eliminating significant start-up costs for the new owner. This turnkey operation is situated in a high-traffic commercial area of Ashtabula, ensuring excellent visibility and accessibility. The property's special purpose designation and existing infrastructure present a unique opportunity for a variety of automotive-related businesses or potential redevelopment. The 0.2-acre lot provides ample space for operations and potential expansion. This is a rare chance to acquire an established business with minimal upfront investment in a prime commercial location. Don't miss this opportunity to capitalize on a proven, successful business model in a bustling Ashtabula commercial district. Serious inquiries only.
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EXP AUTO , LLC Car Dealership
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West Side Auto Sales Car Dealership
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.