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Property profile & analytics

4861 Ridge Rd Ashtabula, OH 44004

  • Turn key restaurants
  • 3,348 SF
  • 0.80 lot acres
Value Estimation
Location Intelligence
Property ID
US66-2490789
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Turn key restaurants

Property Details for 4861 Ridge Rd

Year built
1974
Lot size
0.80 lot acres
Property size
3,348 SF
Property type
Turn key restaurants
APN
48-015-00-054-00
APU
480150005400

Description

This exceptional 2,448 square foot commercial property, situated on a 0.87-acre lot at 4861 N Ridge in Ashtabula, Ohio, presents a unique investment opportunity. Previously operating as a successful family-owned restaurant and pizzeria, this building boasts a rich history and prime location, benefiting from significant traffic from tourists visiting nearby Lake Erie, GOTL, and campgrounds. The property's strategic placement ensures high visibility and consistent customer flow. The interior features a spacious and inviting dining area, well-maintained public restrooms, and a fully functional kitchen equipped with two pizza ovens and walk-in coolers. The building's infrastructure is in excellent condition, with a roof and two gas furnaces less than 10 years old. The property's previous use as a bank adds to its versatility, offering endless possibilities for a variety of commercial ventures. This turnkey operation is ready for immediate occupancy and presents a rare chance to acquire a piece of Ashtabula County history and capitalize on its established commercial potential. The property's size and features make it ideal for a restaurant, but its adaptable layout allows for a wide range of other business uses. This is a remarkable opportunity for an astute investor seeking a profitable and historically significant commercial property. High-quality photos are available online.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $205,000
  • CAP approach

    CAP return
    Estimation
    6%
    $250,000
    6.5%
    $250,000
    7%
    $230,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $260,000
    Geo Method
    $240,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $220,000
    Retail
    $215,000
    Mixed-Use
    $195,000
    Hospitality
    $255,000
    Educational
    $210,000
    Residential Income
    $225,000
    Energy
    $240,000
    Income-Based Land
    $250,000
    Food Service
    $205,000

Location Insight

  • Map
  • Local Demand
City
Ashtabula
County
Ashtabula
State
Ohio
Longitude
-80.8519
Latitude
41.8379
CBSA code
11780
CBSA name
ASHTABULA, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,287
$12,220
$46,380
$58,600
-
$34,900
$132,500
$167,400
More about this property
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