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Property profile & analytics
OFF-MARKET Estimated value $580,000
Super regional malls

6640 Rdg Rd 6666 Madison, OH 44057-2554

42,967 SF 4.23 ac lot Built 1969
Trust Owned 8-yr Hold ~ Est. High Equity
Property ID
US66-2305916
Property summary
AI-generated overview

Madison Plaza offers a prime 10,168 square foot retail space for lease in Lake County. This single-tenant property boasts a highly desirable location at the signalized intersection of North Ridge Road and Hubbard Road, benefiting from a combined 25,566 vehicles per day. The property features a convenient loading dock, making deliveries and operations efficient. This exceptional opportunity allows businesses to thrive alongside established and successful national and local tenants, including Key Bank, Pizza Hut, AutoZone, Asa's Angels, and Lake Carpet & Mattress. The surrounding area is densely populated with a strong retail presence, further enhancing the visibility and potential for success. Nearby retailers include Marc's, Giant Eagle, Aldi, Goodwill, Tractor Supply Company, Family Farm and Home, Sherwin Williams, Burger King, McDonald's, Arby's, and Taco Bell, creating a vibrant and bustling commercial environment. This location provides excellent access to a large customer base and significant foot traffic, making it an ideal space for a variety of retail businesses seeking high visibility and strong potential for growth. The property's strategic placement and established tenant mix present a compelling investment opportunity for discerning businesses. This is a rare chance to secure a prominent retail space in a thriving commercial area.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1969
Total area 42,967 SF
Lot 4.23 ac (184,259 SF)
Zoning code B-2
APN 01-B-107-0-00-009-0
UPID US66-2305916
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pizza Hut Take-out & Catering
  • Wing Street Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$550k
CAP Approach CAP
by Request
Comparable Approach Comparable
$611k
Blend (final) Blend
$580k
Owner & transaction history
Samuel,rubinfeld Living Trust · 8 yrs held
Samuel,rubinfeld Living Trust
since 2018
5 recorded transactions
2018
$25,250
2017
Price N/A
2012
$2.4M
2011
$2.5M
1969
Price N/A
Zoning & alternative use
B-2 · Madison, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The intent of this zone to promote Highway Business Zone use

Zone name Highway Business
General category COMMERCIAL
Zone area 6.31 ac
Source Realmo
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