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Property profile

4940 Carpenter Rd Ashtabula, OH 44004

OFF-MARKET
Specialty properties
Property ID
US66-4559667
4.95 ac lot
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Property summary

AI-generated overview

This exceptional 4.95-acre commercial property, located at 4940 Carpenter Road in Ashtabula, Ohio, presents a unique investment opportunity. Situated in Ashtabula County, zip code 44004, this land boasts a highly desirable C-1 zoning classification, permitting a wide array of commercial uses. The zoning allows for the construction of various businesses, including storage units and duplexes. Interestingly, the zoning also permits residential construction, offering flexibility for potential buyers. The property's proximity to Geneva on the Lake adds significant appeal. Access is convenient, following Route 90 to Route 45, then north on Route 45 to Carpenter Road (West 19th Street), east to the property. A visible sign marks the location. It's important to note that this property is not connected to the public sewer system; a septic system will be required for most uses. Saybrook Township officials are available to answer any questions regarding zoning regulations and development requirements. This is a blank canvas for your next commercial venture, offering substantial acreage and versatile zoning in a desirable location. The asking price is $65,000.

Property profile

Verified
Property type Specialty properties
Lot 4.95 ac (215,796 SF)
UPID US66-4559667

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4940 Carpenter Rd Ashtabula, OH 44004
Ashtabula metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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