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Port Conneaut Credit Union - Ashtabula, OH 4220 Main Ave 1,982 SF Retail Building Ashtabula, OH 44004 $392,000 ($197.78/SF) 8.51% Cap Rate
Investment Highlights
- Established in 1958, Port Conneaut Federal Credit Union maintains approximately $29.97 million in total assets and serves over 5,000 members.
- Within walking distance of Cederquist Park, a well-known cultural and recreational destination in Ashtabula County.
- Situated directly across the street from Main Street Pizza, a popular and well-frequented local restaurant.
- Located just 5 minutes from Ashtabula County Medical Center, a primary healthcare provider serving residents throughout Ashtabula County.
- Only 10 minutes from the East Ashtabula and Palmetto Beach neighborhoods, providing convenient access to a stable residential population base.
- Approximately 8 minutes from the Hubbard House Underground Railroad Museum, a notable 19th-century historical landmark and regional attraction.
Executive Summary
We are pleased to exclusively offer for sale the 1,982 SF Port Conneaut Federal Credit Union located at 4220 Main Avenue in Ashtabula, OH. This investment opportunity features a corporate guarantee providing strong tenant security and stability. The property is strategically located just 5 minutes from Ashtabula County Medical Center, a major regional healthcare provider serving residents across Ashtabula County and surrounding areas in northeastern Ohio. Its proximity to this key medical hub enhances daily traffic and long-term location viability, making this asset a compelling and stable investment opportunity.
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,982 SF
Building Class
C
Year Built
2010
Price
$392,000
Price Per SF
$197.78
Cap Rate
8.51%
NOI
$33,372
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.29 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Port Conneaut Federal Credit Union
- Finance and Insurance
- 1,982 SF
- $16.85
- Triple Net
- Aug 2031
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Port Conneaut Federal Credit Union | Finance and Insurance | 1,982 SF | $16.85 | Triple Net | Aug 2031 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 052130004400 | Improvements Assessment | $43,680 |
| Land Assessment | $12,080 | Total Assessment | $55,760 |
Property Taxes
Parcel Number
052130004400
Land Assessment
$12,080
Improvements Assessment
$43,680
Total Assessment
$55,760
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Port Conneaut Credit Union - Ashtabula, OH | 4220 Main Ave
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