Retail and Apartments opportunity
Office | 26,070 SqFt
Marketing description
Prime Commercial Opportunity on Main Ave
Strategically positioned in the heart of Ashtabula, this C-COMMERCIAL zoned property at 4420 Main Ave offers a versatile foundation for your next business venture or investment. Boasting a prime location within the Ashtabula Twp-Ash City/Ash CSD district, the site benefits from high visibility and easy access in a high-traffic corridor.
The property is currently classified under Land Use Code 420-420 (Commercial), making it ideal for a wide range of professional services, retail storefronts, or creative redevelopments. Situated on parcel 052110004100, the lot is legally described as Lot 1, providing a clear and straightforward canvas for expansion or optimization.
Key Property Highlights:
Prime Location: High-visibility frontage on Main Ave, a central artery in Ashtabula.
Zoning & Use: Ready-to-go Commercial (RP_OH) status with established neighborhood classing (NBHD: 8000C).
Investment Potential: Located in a stable taxing district with an effective tax rate of 68.120956.
Logistics: The site features existing outbuildings and manufacturer home potential, offering immediate functional space while you plan your long-term vision.
Whether you are looking to establish a flagship location for your business or seeking a solid addition to your commercial portfolio, this property delivers the essential elements of location and utility. Don't miss the chance to secure a footprint in this active Ashtabula business community. Schedule your showing today to explore the possibilities at 4420 Main Ave!.
Investment highlights
Investment Opportunity: Commercial Redevelopment on Main Ave
Secure a high-potential footprint in the heart of Ashtabula with this substantial commercial property located at 4420 Main Ave. Situated within the Ashtabula Twp-Ash City/Ash CSD taxing district, this asset offers a strategic location for investors looking to capitalize on the area's ongoing growth.
Strategic Asset Overview
The property is currently zoned C-COMMERCIAL with a 420-420 Land Use Code, providing a versatile foundation for a variety of professional, retail, or mixed-use applications. The parcel (PARID: 052110004100) is designated as Lot 1 and resides within neighborhood 8000C, a recognized commercial corridor in the city.
Significant Value-Add Potential
This is a true "blank canvas" opportunity for a visionary developer. The building has been completely cleared out, offering a streamlined starting point for a comprehensive custom remodel.
Expansive Upper Level: The top floor features approximately 10,000 square feet of raw space, ready to be built out into modern office suites, creative studios, or urban lofts.
Architectural Integration: Access to the upper level is currently limited via a wooden ladder/stair system on the mezzanine, presenting a prime opportunity to install a modern staircase or elevator system to maximize the building's utility and value.
Structural Renewal: The property requires roof work, allowing the new owner to ensure the structural integrity and energy efficiency of the building from the top down during the renovation process.
Financial & Location Highlights
Tax Efficiency: Benefit from an effective tax rate of 68.120956 within the Ashtabula City political subdivision.
Prime Frontage: Located directly on Main Ave, ensuring high visibility and easy navigation for future tenants or customers.
Clean Slate: With the interior already stripped, investors can bypass the heavy costs of demolition and move straight into the design and structural reinforcement phases.
This property is priced to reflect its current condition, offering significant equity upside upon completion of the necessary renovations. Whether you are looking to create a flagship commercial hub or a multi-tenant complex, 4420 Main Ave provides the scale and location to support a high-yield investment.
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