6659 Ridge Rd Madison, OH 44057
- Retail space
- 5,041 SF
- 0.38 lot acres
Current Use by Public Records
- Holy Ghost Tattoo / Tattoo Shop
- Smokerz Drip - Madison / Vaporizer Store / Tobacco Shop
Property Details for 6659 Ridge Rd
- Year built
- 1960
- Lot size
- 0.38 lot acres
- Property size
- 5,041 SF
- Zone code
- B2
- Property type
- Retail space
- APN
- 01-B-108-A-00-002-0
- APU
- 01B108A000020
Description
This exceptional three-unit retail property, located at 6659 N Ridge Road in Madison, OH, presents a compelling investment opportunity. Boasting 5,041 square feet on a 0.38-acre corner lot, this building benefits from its high visibility and strategic location on a major east/west corridor, ensuring significant daily traffic flow. The property's prime position also captures substantial local north-south traffic. Madison's continued growth further enhances the long-term value proposition. All three units are currently occupied by tenants under lease agreements, providing immediate and consistent cash flow. The anchor tenant enjoys a long-term lease with an upcoming renewal, offering stability and predictability. A recent major renovation has significantly upgraded the building, ensuring its modern appeal and functionality. Convenient parking is available on two sides of the building, enhancing tenant and customer accessibility. Importantly, tenants are responsible for the majority of their utility costs, minimizing operational expenses for the owner. This turnkey investment offers a blend of strong occupancy, a desirable location, and a recently renovated structure, making it an attractive opportunity for discerning investors seeking a stable and profitable retail portfolio addition.
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
- -81.0489
- Latitude
- 41.8024
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
