1617 Claremont Avenue, Ashland, OH 44805

$4,200,000
Property Type: Commercial Square Footage: 92,843 Lot Size (sq. ft.): 388,991 Status: Closed
Current Price: $4,200,000 List Date: 3/26/2020 Last Modified: 1/31/2025

Description

INCOME PRODUCING PROPERTY. Wonderful investment opportunity to add to your portfolio ! Triple net lease with good long term tenants. Shopping Plaza that has been well maintained with tenants that all want to stay. The Plaza is on 8.93 Acres, there is an additional 20.36 Acre parcel included for development. This affords you the opportunity to choose the type of development that will be located next to your stores. There are currently 3 store at this Plaza, a good grocery store, a Drug Mart, as well as a Goodwill Store. GREAT CASH FLOW. A wonderful opportunity for Investors/Developers! CAP Rate:10.63%

Supplements: ********

More Information MLS# 219005626

Location Property Info

Original List Price: 5995000 Sold Price: $4,200,000 Property Sub Type: Retail Street #: 1617 Street Name: Claremont Street Suffix: Avenue County: Ashland State: OH Zip Code: 44805 Township: None

OfficeContract Info

Status: Closed MLS Entry Date: 2019-02-28

General Property Info

Total SqFt Available: 92843 Bldg Sq Ft: 92843 Max Cont Sqft Avail: 92843 # of Docks: 3 # of Floors Above Gr: 1 Year Built: 1964 Acreage: 8.93

Tax Info

Parcel #: P44-078-0-0010-00 Addl Parcel Numbers: 440780001200 Tax Year: 2018 Tax Abatement: No Taxes (Yrly): 64250 Tax Incentive: No

Status Change Info

Under Contract Date: 2020-03-25 Sold Date: 2020-03-30 Sold Price: $4,200,000 Sold Price/SqFt: 45.24

Auction Info

Auction/Online Bidding Y/N: No

Sale Info

Seller Assisted Fin: N Seller/Buyer Concessions: N

Property Features

Addl Acceptance Cond: None Known MLS Primary PhotoSrc: Realtor Provided
Listing Office: Kaufman Realty & Auctions
Listing Agent: Pedro Guzman Medrano
Last Updated: January - 31 - 2025
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