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1616 Claremont Ave
Ashland, OH 44805
Retail Property For Sale
Investment Highlights
- 2nd generation restaurant space with existing kitchen infrastructure and FF&E included.
- High visibility location on Claremont Avenue with 145 feet of frontage and 7,800 VPD.
- Across the street from Discount Drug Mart and near Ashland University for strong customer demand.
- 2.12-acre parcel zoned B-3 permitting retail, restaurant, medical, and service uses.
- Surrounded by major retailers and highly trafficked destinations, fostering steady consumer flow.
- Parking availability of approximately 90 spaces accommodating multiple business formats.
Executive Summary
Situated on one of Ashland’s key commercial corridors, this 2.12-acre property features an existing 5,467 SF restaurant facility and is offered for sale at $700,000. The site includes a full-service kitchen, dining infrastructure, and essential FF&E, providing an attractive opportunity for operators or investors seeking a functional space with significant redevelopment potential.
The property’s B-3 zoning designation allows for a wide range of uses including retail, restaurant, medical, and service-oriented businesses. Located directly across from Discount Drug Mart and within a strong trade area, the site benefits from consistent traffic flows of approximately 7,800 vehicles per day and proximity to national retailers such as McDonald’s, Miller’s, and Biggby Coffee.
Ashland boasts a stable customer base driven by Ashland University and a diverse employment mix in manufacturing, healthcare, and education. With nearby highway access, robust surrounding retail, and above-average household incomes, this property represents a solid opportunity for investors and developers in a highly visible location.
The property’s B-3 zoning designation allows for a wide range of uses including retail, restaurant, medical, and service-oriented businesses. Located directly across from Discount Drug Mart and within a strong trade area, the site benefits from consistent traffic flows of approximately 7,800 vehicles per day and proximity to national retailers such as McDonald’s, Miller’s, and Biggby Coffee.
Ashland boasts a stable customer base driven by Ashland University and a diverse employment mix in manufacturing, healthcare, and education. With nearby highway access, robust surrounding retail, and above-average household incomes, this property represents a solid opportunity for investors and developers in a highly visible location.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,467 SF
Building Class
C
Year Built
1986
Price
$700,000
Price Per SF
$128.04
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.12 AC
Zoning
B-3 - Highway Service Business
Parking
90 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
145’ on Claremont Ave
Amenities
- Signage
- Skylights
- Tenant Controlled HVAC
- Air Conditioning
Property Taxes
| Parcel Number | P44-077-0-0086-00 | Improvements Assessment | $59,360 |
| Land Assessment | $100,680 | Total Assessment | $160,040 |
Property Taxes
Parcel Number
P44-077-0-0086-00
Land Assessment
$100,680
Improvements Assessment
$59,360
Total Assessment
$160,040
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