6659 Rdg Rd Madison, OH 44057-2553
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.
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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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B2 · Madison, OHMadison. Always verify with local authorities before improvements.
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.