677 Diamond StRavenna, OH 44266

Property Details for 677 Diamond St

Lot size

0.03 AC

Property type

Office properties

Property subtype

Office buildings

APN

31-361-30-00-001-001

APU

313613000001001

Description

This exceptional 3.252-acre parcel of land presents a compelling investment opportunity in Ravenna, Ohio. Located at 677 S Diamond St, this property boasts an ideal I-1 zoning designation, making it suitable for a variety of industrial uses. The flat, easily accessible terrain ensures efficient development, while its prominent location offers excellent visibility for any future business. Utilities are conveniently available at the street, simplifying the construction process and reducing upfront costs. The property's APN is 31-305-30-00-030-000|1. Situated in Portage County, Ohio, with a zip code of 44266, this land offers a strategic location within the Ravenna community. The asking price of $80,000 represents a highly competitive value for a property of this size and zoning in this desirable area. This is a rare opportunity to acquire a well-situated industrial land parcel ready for immediate development. Don't miss out on this chance to secure a prime piece of Ravenna real estate. The coordinates are 41.1502358 latitude and -81.2535997 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $262,635

  6.5%

  $242,432

  7%

  $225,115

• Comparable approach

  Method

  Valuation

  Relative Method

  $129,179

  Geo Method

  $129,179

• Alternative Use

  Use

  Valuation

  Residential

  $300,616

  Hospitality

  $275,362

  Educational

  $229,098

  Medical

  $236,977

  Retail

  $356,375

Location Insight

City

Ravenna

County

Portage

State

Ohio

Latitude

41.1502

Longitude

-81.2534

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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