2911 N Ridge Rd E | Ashtabula, OH 44004
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2911 N Ridge Rd E
Ashtabula, OH 44004
Chipotle & Verizon - Ashtabula, OH · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Both Verizon and Chipotle are on long term leases, commencing in 2020, which include, on average, ten percent (10%) rental increases every five years
- Nationally recognized retailers such as The Home Depot, Walmart Supercenter, Lowe’s, ALDI, Tractor Supply Co., and Burger King are all located nearby
- Chipotle features their new ‘Chipotlanes’ drive-thru concept which quadrupled sales generated outside their dining rooms in the last 3 years
- The newly constructed building has excellent visibility and accessibility, as it is ideally located on a signalized corner along U.S. 20 (21,000 VPD)
- Nearby schools such as Edgewood Senior HS and Kent State University, Ashtabula campus, among others, contribute to over 4,000 students
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,497 SF
Building Class
B
Year Built/Renovated
1994/2019
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
1.28 AC
Parking
55 Spaces (5.5 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 030520000101 | Improvements Assessment | $114,030 |
| Land Assessment | $113,750 | Total Assessment | $227,780 |
PROPERTY TAXES
Parcel Number
030520000101
Land Assessment
$113,750
Improvements Assessment
$114,030
Total Assessment
$227,780
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