4861 Ridge Rd Ashtabula, OH 44004
- Turn key restaurants
- 3,348 SF
- 0.80 lot acres
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
-
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