4118 Main Ave, Ashtabula, OH 44004-6849
This exceptional investment property at 4118 Main Avenue in downtown Ashtabula, Ohio presents a unique opportunity for savvy investors. The 4,955 square foot building sits on a 0.33-acre lot and boasts five distinct income-generating units. The main attraction is a sizable retail storefront featuring a large open sales area with prominent storefront windows, a private office, a restroom, and a dedicated storage/work area. Adding to the property's versatility are two separate two-bedroom apartments, each with its own address and private entrance. These apartments share access to a convenient two-car garage. Further enhancing the income potential are two additional structures: a roughly 700 square foot warehouse/garage and a smaller, approximately 300 square foot garage/storage space. The entire building, excluding the larger warehouse/garage, benefits from a full basement, offering ample storage or potential for expansion. This highly visible location on Main Avenue provides excellent exposure and numerous possibilities for maximizing cash flow and return on investment. The property is priced at $199,999. This is a rare chance to acquire a multi-faceted commercial property in a thriving downtown area. Don't miss this chance to secure a strong and diverse income stream.
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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.