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Investment Highlights

  • 40,447 SF Modern Commercial/Office Building For Sale
  • Positioned On 6.3-Acre Site With Ample Parking
  • Dock Access, 15’ Clear Height, & Heavy Power
  • 22,805 SF Available For Owner-User Occupancy | Leased Space Provides Immediate Rental Income
  • Ideal For Owner-Users Seeking Income Offset / Investors Seeking Value-Add Potential
  • Strong Regional Connectivity With Immediate Access To SR-42, US-250, & I-71

Executive Summary

40,447 SF modern commercial building offered for sale along Ashland’s highly accessible I-71 corridor. The property presents a compelling opportunity for both owner-users and investors, featuring 22,805 SF currently available for occupancy alongside 17,642 SF leased, providing immediate in-place rental income.
Positioned on 6.3 acres with ample parking and strong regional connectivity, the asset supports a wide range of uses including office, showroom, service, or light industrial applications.
Ideal for buyers seeking a hybrid investment with both income and future expansion potential, or users looking to control their real estate while offsetting occupancy costs through existing lease revenue.
Flexible layout supports a variety of commercial uses including retail showroom, specialty grocery, co-working hub, fitness facility, R&D, or service-oriented users seeking a combination of front-of-house and light industrial space.

Property Facts

Sale Type Investment or Owner User
Property Type Flex
Property Subtype
Flex
  • Flex Research & Development
  • Flex Showroom
  • General Retail Storefront Retail/Office
Building Class A
Lot Size 6.30 AC
Rentable Building Area 40,447 SF
No. Stories 1
Year Built 1990
Parking Ratio 4.77/1,000 SF
Clear Ceiling Height 15’
No. Dock-High Doors/Loading 1
Zoning M-1 - Light Industrial

Amenities

  • 24 Hour Access
  • Bio-Tech/ Lab Space
  • Conferencing Facility
  • Signage
  • Wheelchair Accessible
  • Reception
  • Storage Space
  • Air Conditioning
  • Breakroom

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer - City
  • Heating

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Floor
  • 22,805 SF
  • Office/Retail
  • -
  • 30 Days

22,805 SF of flexible commercial space available for lease within a 40,447 SF Class A office and industrial building. The available space features an efficient layout with approximately 60% office and 40% warehouse/storage. Office buildout includes private offices, conference areas, and open workspace. Industrial/storage component offers 15’ clear height, one dock (8’x8’), heavy power, and full wet sprinkler system. Situated on 6.3 acres with ample new concrete surface parking, the property provides excellent accessibility with immediate proximity to SR-42, US-250, and I-71, offering efficient regional connectivity between Cleveland and Columbus. Flexible layout supports a variety of commercial uses including retail showroom, specialty grocery, co-working hub, fitness facility, R&D, or service-oriented users seeking a combination of front-of-house and light industrial space

Space Size Space Use Build-Out Available
1st Floor 22,805 SF Office/Retail - 30 Days

1st Floor

Size
22,805 SF
Space Use
Office/Retail
Build-Out
-
Available
30 Days

1st Floor

Size 22,805 SF
Space Use Office/Retail
Build-Out -
Available 30 Days

22,805 SF of flexible commercial space available for lease within a 40,447 SF Class A office and industrial building. The available space features an efficient layout with approximately 60% office and 40% warehouse/storage. Office buildout includes private offices, conference areas, and open workspace. Industrial/storage component offers 15’ clear height, one dock (8’x8’), heavy power, and full wet sprinkler system. Situated on 6.3 acres with ample new concrete surface parking, the property provides excellent accessibility with immediate proximity to SR-42, US-250, and I-71, offering efficient regional connectivity between Cleveland and Columbus. Flexible layout supports a variety of commercial uses including retail showroom, specialty grocery, co-working hub, fitness facility, R&D, or service-oriented users seeking a combination of front-of-house and light industrial space

Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
P44-083-0-0014-01
Land Assessment
$6,430
Improvements Assessment
$150,190
Total Assessment
$156,620
  • Listing ID: 40570007

  • Date on Market: 5/18/2026

  • Last Updated:

  • Address: 1 Hedstrom Dr, Ashland, OH 44805

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