237 State Rd, Ashtabula, OH 44004
For Sale
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This exceptional 10,452-square-foot industrial building, situated on a 2-acre lot in Ashtabula, Ohio (44004), presents a compelling investment opportunity. Constructed in 1979 and extensively renovated in 2019, this two-story structure boasts a versatile layout ideal for manufacturing operations. The property features 8,580 square feet of shop space, complemented by 1,872 square feet of storage/loft space above a well-appointed office area. The office space encompasses approximately 1,872 square feet and includes a conference room, two private offices, a bullpen area, a kitchenette, a locker room, and restrooms. The shop area is equipped for heavy-duty work, featuring 3-phase power and two 5-ton cranes. Access is convenient via two drive-in doors: one measuring 12' x 13' on the north side and another measuring 13'6" x 14'10" on the west side. The property is zoned M-1 and includes three APNs: 03-029-057-01, 03-029-00-057-02, and 03-029-00-057-03. Currently vacant, this property is priced at $325,000 ($31.09 per square foot). Bitcoin offers are accepted.
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Refuse Equipment & Truck Services Big Box & Wholesale Store
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
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.