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7370 N Ridge Rd 18,800 SF Retail Building Madison, OH 44057 $998,000 ($53.09/SF)

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Investment Highlights

  • 8,400 sq ft showroom with 6 offices
  • 8,200 square feet of service and parts space
  • New asphalt

Executive Summary

Auto, RV, Powersport & Marine Dealership Real Estate For Sale or Lease Madison, OH (Lake County)
Sale price: $998,000 Lease $10,000 per Month
Well-maintained commercial dealership property featuring expansive paved areas designed for vehicle display, storage, and customer access. In September 2021, approximately 52,322 square feet of new asphalt was installed, enhancing functionality and curb appeal. The site was purpose-built for dealership operations and remains configured to support high-traffic commercial use with excellent frontage and circulation.
Facilities:
The building features a total of 8,400 square feet of showroom and office space. The spacious showroom can display approximately 45 motorcycles and includes six sales offices. Adjacent to the showroom, the main building also includes 8,200 square feet of service and parts space. This area houses a heated service shop equipped with four garage doors and enough capacity to service approximately six RVs or campers.
Financing:
Not offering seller financing- Buyer must have funds prepared
Current and Prior Use:
The property is currently operated as an RV and powersports dealership. It was originally constructed for use as an automobile dealership and continues to support automotive sales and service functions. The site is zoned 454 – C – Auto Car Sales and Services, allowing for vehicle sales, service, and related commercial uses.
Location Description:
Located on North Ridge Road (US Route 20) in Madison, Ohio, this property offers excellent visibility along a major east–west corridor serving Lake County and Northeast Ohio. The site provides easy access to I-90, connecting to Cleveland, Mentor, Painesville, and surrounding markets. The area features a mix of commercial and light industrial uses, making the location well-suited for warehouse, contractor, or industrial operations. High-traffic frontage and direct road access enhance both exposure and functionality.

Taxes & Operating Expenses (Actual - 2026)

Annual Annual Per SF
Taxes $21,270 $1.13
Operating Expenses $12,000 $0.64

Taxes & Operating Expenses (Actual - 2026)

Taxes
Annual $21,270
Annual Per SF $1.13
Operating Expenses
Annual $12,000
Annual Per SF $0.64
Total Expenses
Annual $33,270
Annual Per SF $1.77

Property Facts

Sale Type
Owner User
Property Type
Retail
Building Size
18,800 SF
Building Class
C
Year Built
1987
Price
$998,000
Price Per SF
$53.09
Tenancy
Single
Building Height
2 Stories
Building FAR
0.02
Lot Size
23.69 AC
Zoning
M-1 - The site is zoned 454 – C – Auto Car Sales and Services, allowing for vehicle sales, service, and related commercial uses.
Parking
200 Spaces (10.64 Spaces per 1,000 SF Leased)
Frontage
131’ on Ridge Rd

Amenities

  • Pylon Sign

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 18,800 SF
  • Retail
  • -
  • Now
Space Size Space Use Position Available
1st Floor 18,800 SF Retail - Now

1st Floor

Size
18,800 SF
Space Use
Retail
Position
-
Available
Now

Property Taxes

Property Taxes

Parcel Number
01-A-078-0-00-016-0
Land Assessment
$109,160 (2025)
Improvements Assessment
$165,970 (2025)
Total Assessment
$275,130 (2025)
Annual Taxes
$21,270 ($1.13/SF)
Tax Year
2026
  • Listing ID: 39302514

  • Date on Market: 2/3/2026

  • Last Updated:

  • Address: 7370 N Ridge Rd, Madison, OH 44057

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