1617 Claremont Avenue, Ashland, OH 44805 (MLS# 219005626)

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

Overview

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%

Listing Details MLS# 219005626

Location Property Info

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

OfficeContract Info

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: Yes
Year Built: 1964
Acreage: 8.93
Minimum Sqft Avail: 0

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/SqFt: 45.24

Auction Info

Auction/Online Bidding Y/N: No

More Information

Sale Info

Seller Assisted Fin: N
Seller/Buyer Concessions: N

Location & Property Info

List Price/SqFt: 64.57
City (Mailing Addr): Ashland
Corp LimitPerAuditor: Ashland

Office/Contract Info

For Sale: Yes
Exchange: No
For Lease: No
Lease Rate $/Sq Ft: 0

Remarks & Misc

Property 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%

Income/Expenses

Gross Income: 0
Net Operating Income: 0
Total Expenses: 0

Addl Acceptance Cond

None Known: Yes

T Reimburses L

Curr Yr Est $/SF TRL: 0

MLS Primary PhotoSrc

Realtor Provided: Yes

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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