5 Ashtabula St Jefferson, OH 44047-1162
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.
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
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.