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2400 W Prospect Rd
Ashtabula, OH 44004
Saybrook Plaza | Big Lots/Giant Eagle Anchor · Retail Property For Sale

Investment Highlights

  • AUCTION OCTOBER 25-27, 2021 | STARTING BID $500,000 | Big Lots & Giant Eagle Anchored
  • Excellent opportunity for investors to add value through lease up or repositioning strategy
  • Minimal shopping center competition in market | Strong mix of national and regional tenants including Big Lots, H&R Block, GetGo, and others
  • Positioned directly adjacent to a well performing Giant Eagle grocery (not included in sale) which recently renewed lease showing further commitment
  • ±20.7% occupied with a diverse mix of national retailers and local service-based tenants; immediate upside by leasing the remaining 19 suites or ±160,
  • Strategically located along W Prospect Road, providing excellent exposure to over 12,000 VPD | Offered well below replacement cost providing investors

Property Facts

Property Type
Retail
Building Size
285,542 SF
Building Class
B
Year Built
1956
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
33.46 AC
Zoning
Retail
Parking
767 Spaces (2.69 Spaces per 1,000 SF Leased)
Frontage
956’ on Prospect Rd

Amenities

  • Pylon Sign
  • Signage
  • Signalized Intersection

Property Taxes

Property Taxes

Parcel Number
480110000100
Land Assessment
$256,520
Improvements Assessment
$492,490
Total Assessment
$749,010
  • Listing ID: 22693172

  • Date on Market: 4/9/2021

  • Last Updated:

  • Address: 2400 W Prospect Rd, Ashtabula, OH 44004

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