5662 N Ridge Rd Madison, OH 44057
- Retail space
- 2,977 SF
- 2.13 lot acres
Current Use by Public Records
- Krishack Insurance Agency LLC / Insurance Agency / Auto Insurance Agency
Property Details for 5662 N Ridge Rd
- Year built
- 1910
- Construction
- WOOD
- Lot size
- 2.13 lot acres
- Property size
- 2,977 SF
- Zone code
- B-2
- Property type
- Retail space
- APN
- 01-B-122-0-00-049-0
- APU
- 01B1220000490
Description
This exceptional 2.13-acre commercial property at 5662 N Ridge Road in Madison, Ohio, presents a compelling development opportunity. Boasting over 300 feet of road frontage, the site enjoys high visibility, making it ideal for a variety of commercial ventures. The property currently features an older farmhouse, previously used as an insurance agency, which could be renovated or demolished to accommodate new construction. The elevated position ensures excellent visibility for potential businesses. This versatile location is suitable for a wide range of uses, including retail establishments, restaurants (with drive-thru potential), fast-food outlets, gas stations, or medical offices. The property's infrastructure is well-established, with access to municipal water (Lake County Water), electricity (Illuminating Company), natural gas (Enbridge Gas), and Spectrum services. On-site septic is also available. The zoning is commercial, allowing for diverse development options. This prime location offers significant potential for investors and developers seeking a high-impact commercial project in a desirable area. The asking price is $250,000. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Lake
- State
- Ohio
- Longitude
- -81.0873
- Latitude
- 41.796
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
