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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
11220489
11220490

3315 N Ridge Rd E, Ashtabula, OH 44004 For Lease

JS
OH 2019001484
Platinum Real Estate Cleveland
Listed by Platinum Real Estate Cleveland
$3/SF/YR
1150 days on market
Updated 41 days ago

🏗️ N.Ridge Rd Industrial | High-Capacity Flex Shell

Building Details
Property Type Retail
Sub Type Top golf, Business idea owner would partner (+1)
Tenancy Single
Total Available Spaces 5
Class B
Total Building SqFt 26,750
Vacant SqFt 26,750
Year Built 1992

Spaces

Retail | Single tenant | 26,750 SqFt

Building description

  • 26k SF Infrastructure Asset | Co-Own Business & Build-Out | Lit Fiber & 3-Phase Power
  • 🌐 Northeast OH Tech Corridor: 26,000 SF Joint-Venture & Build-To-Suit Lease Opportunity
  • 🚀 JV Business Operator Opportunity | 26k SF Shell Between Planet Fitness & University Hospitals

OVERVIEW: STRATEGIC JOINT-VENTURE BUSINESS & LEASE OPPORTUNITY

OWNER IS NOT SELLING THE REAL ESTATE. Instead, this is a unique, premium, institutional-grade opportunity for an experienced developer, infrastructure provider, or corporate operator to secure a long-term, Build-to-Suit Lease paired with a highly lucrative Joint-Venture Co-Ownership business model.

The ownership team is contributing a vacant, structurally sound 26,000-square-foot commercial shell building along with a fully vetted, hyper-premium technology and utility infrastructure package. We are actively seeking a strategic operating partner to fund the specialized internal build-out, co-own the resulting commercial business enterprise, and share in the operational revenue splits.

HIGH-PROFILE LOCATION & POSITIONING: The property is positioned in a premier, high-traffic commercial corridor directly between PLANET FITNESS and UNIVERSITY HOSPITALS (UH). This institutional-grade setting provides outstanding structural legitimacy, robust local traffic, high visibility, and a highly recognizable landmark address for the co-owned enterprise.

CRITICAL INFRASTRUCTURE & TECH PREMIUMS:

  • Active Fiber Connectivity: The site is completely "lit." Active Kinetic Business fiber infrastructure runs directly along the property perimeter. Engineering network maps are fully verified and available for immediate review.
  • Heavy Power Grid Access: Fully serviced by FirstEnergy with 3-Phase Power available at the street. Crucially, the facility sits within a 0.5-mile radius of a major electrical substation, allowing an incoming operator to rapidly scale high-megawatt capacity with minimal utility lead times or distribution costs.
  • Extensive Structural Footprint: 26,000 sq. ft. of highly adaptable commercial space. Existing architectural blueprints, structural data, and historical pro forma documents from its former use are compiled and ready for immediate engineering and underwriting review.
  • Regulatory & Friction-Free Advantage: Located in a business-friendly district in Ashtabula, Ohio. This site provides an accelerated path to deployment, completely insulated from the local moratoriums, zoning gridlocks, and community pushback currently stalling major data center and tech projects in neighboring counties.

PARTNERSHIP & LEASE STRUCTURE: Ownership is looking for an agile, well-capitalized partner ready to execute an adaptive reuse build-out. The ideal partner will inject the capital required for specialized interior configuration (e.g., edge data center, tech hub, medical manufacturing, AI infrastructure cluster, or high-density flex operations). In exchange, this structure offers:

  1. A highly competitive, long-term master lease.
  2. An equitable co-ownership stake in the operating commercial enterprise run out of the facility.
  3. Radical speed-to-market advantages by utilizing an existing structural shell rather than entering a multi-year ground-up build.

DUE DILIGENCE PACKAGE READY: Qualified groups, principals, and brokers will receive immediate access to the full diligence vault, including:

  • Kinetic Fiber Engineering Network Maps
  • FirstEnergy Substation & Grid Proximity Metrics
  • Existing Architectural Blueprints & Site Layouts
  • Historical Pro Forma and Underwriting Data

Brokers and principals are invited to contact the listing agent directly to schedule a confidential discussion regarding the joint-venture framework and operational structures.

Listing Broker: Jim Sivalon, Platinum Real Estate

Building highlights

Location and Property Details:

  • The property is located at 3315 N Ridge Rd. in Ashtabula, Ohio.

  • The parcel ID is 030520000404.

  • The building is a commercial property.

  • The owner is MSNS ASHTABULA REALTY LLC.

  • The parcel has a tax roll of RP OH and is a commercial class property.

  • The property has 2.203 acres.

  • The legal description of the property is "ASHTABULA MALL REPLAT 10 SUBLOT 4-4".

  • The property is within the ASHTABULA TWP-BUCKEYE LSD taxing district.

  • The mailing address for the owner is 71 Overlook Dr, Carlisle, MA 01741.

Note on "by Walmart":

Based on a search of the area, a Walmart Supercenter is located at 3551 N Ridge Rd E, which is a short distance from the Ashtabula Towne Square property. This location places the property in a retail hub, alongside other major retailers.

Listing Contacts

JS
OH 2019001484
Platinum Real Estate Cleveland
Listed by Platinum Real Estate Cleveland

Property History

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