Property profile

5 Ashtabula St Jefferson, OH 44047

OFF-MARKET
Retail space
Property ID
US66-1600639
10,400 SF 0.71 ac lot Built 1996
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 11,332-square-foot freestanding building, formerly a Rite Aid, presents a unique investment opportunity in Jefferson, Ohio. Situated on a 1.13-acre lot, this property boasts high visibility with 233 feet of frontage on N Chestnut Street and 164 feet on E Ashtabula Street. The building is newly remodeled and in excellent condition, ready for immediate occupancy. The property is zoned B-2 Business, allowing for a variety of uses. Ample parking is available, with over 45 spaces. This location benefits from strong demographics, with average household incomes within a 5-mile radius exceeding $80,743. High traffic counts of 7,011 vehicles per day (VPD) are recorded on N Chestnut Street (source: ODOT TIMS). The property is available for sale or lease under a NNN lease structure. This versatile space is ideal for medical offices, pharmacies, or other retail uses. The building's previous use as a Rite Aid provides a solid foundation for a variety of potential tenants. This is a rare opportunity to acquire a well-located, remodeled property in a thriving community.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1996
Construction CONCRETE BLOCKS
Total area 10,400 SF
Lot 0.71 ac (30,710 SF)
APN 26-021-00-062-01
UPID US66-1600639

Cap rate & NOI

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

Location

5 Ashtabula St Jefferson, OH 44047-1162
Jefferson metro Census 1102 ASHTABULA, OH MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.02M
CAP Approach CAP
$1.97M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.91M

Owner & transaction history

since 2022
Last sale
$2.2M
7 recorded transactions
2022
$2.2M
2022
Price N/A
2022
Price N/A
2017
Price N/A
2016
$1.9M
2014
Price N/A
2014
$1.5M

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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