Property profile

6521 N Ridge Rd Madison, OH 44057

FOR SALE
Grocery and convenience stores
Property ID
US66-1380407
18,178 SF 3.82 ac lot Built 2016
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1-acre commercial land parcel presents a unique investment opportunity in the heart of Madison, Ohio's thriving retail corridor. Situated on North Ridge Road (US-20), this property boasts over 16,000 vehicles per day, ensuring high visibility and accessibility for your business. The site is ideally positioned within Madison's main retail trade area, surrounded by a robust mix of nationally recognized retailers and restaurants. Nearby establishments include ALDI, Walmart Supercenter, Giant Eagle, Marc's, McDonald's, Wendy's, Taco Bell, Burger King, and Arby's, creating a dense concentration of consumer traffic. The strong demographics further enhance the property's appeal, with an average household income exceeding $77,000 within a 5-mile radius. This location offers unparalleled potential for a variety of commercial developments, capitalizing on the high traffic volume and established retail environment. The property's address is 6521 N Ridge Rd, Madison, OH 44057, in Lake County. This is a rare chance to acquire a highly visible and strategically located commercial lot in a rapidly growing market. The property is ready for development and offers immediate access to a substantial customer base. Don't miss this opportunity to establish your business in a prime location with exceptional visibility and strong surrounding demographics.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2016
Total area 18,178 SF
Lot 3.82 ac (166,269 SF)
Zoning code B2
APN 01-B-108-0-00-032-0
UPID US66-1380407

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Specialty Food Shop Supermarket

Location

6521 N Ridge Rd Madison, OH 44057
Madison metro Census 205701 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.85M
Blend (final) Blend
$355k

Owner & transaction history

since 2016
2 recorded transactions
2016
Price N/A
2015
$1.2M

Zoning & alternative use

B2 · Madison, OH
Top alternative use upside
Restaurant $2.6M +128.7%
Auto repair, garage $1.5M +33.7%
Office building $1.3M +15.3%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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