161 Chestnut StRavenna, OH 44266

  • Land
  • 0.19 AC
For Lease
$7.63/SF/YR View listing

Property Details for 161 Chestnut St

Lot size
0.19 AC
Property type
Land
Property subtype
Commercial land
APN
31-360-03-00-042
APU
313600300042

Description

This exceptional 4,405-square-foot retail or restaurant space is ideally situated at 161 N Chestnut Street in Ravenna, Ohio's central business district (CBD). The property, located on a 0.25-acre lot, boasts a charming historic character, having been built in 1900 and renovated in 2000. The two-story building offers a single tenancy, perfect for an established business or a new venture seeking a move-in ready space. The property's zoning designation is CBD, reflecting its prime location within the city's commercial core. Its convenient location ensures high visibility and accessibility for customers. While the building itself doesn't include dedicated parking spaces, its central location within the CBD offers ample public parking options nearby. The property's Class C designation reflects its solid construction and functional layout, offering a cost-effective option for businesses seeking a well-maintained space with significant potential. The Portage County location, with APN 31-360-03-00-041-000, provides easy access to local amenities and a strong customer base. This turnkey opportunity presents a rare chance to acquire a beautifully maintained property in a thriving downtown area. The spacious yet cozy interior provides an ideal setting for a variety of restaurant concepts or retail businesses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,763,641
    Hospitality
    $1,615,485
    Educational
    $1,344,065
    Medical
    $1,390,289
    Retail
    $2,090,768
161 Chestnut St, Ravenna, Ohio

Location Insight

City
Ravenna
County
Portage
State
Ohio
Latitude
41.1599
Longitude
-81.2434
CBSA code
10420
CBSA name
AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$874
$14,040
-
$14,040
-
$40,100
-
$40,100

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