832 Main StRavenna, OH 44266

Property Details for 832 Main St

Year built

2002

Lot size

4.20 AC

Property size (Sq ft)

47,207 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

31-306-03-00-021

APU

313060300021

Description

This exceptional 1-acre commercial property presents a rare development opportunity in Ravenna, Ohio. Located at 832 W Main St, on the hard corner of W Main St and N Diamond St, this site boasts high visibility due to its signalized intersection. The property is zoned for retail use and is available for sale, ground lease, or build-to-suit options, providing flexibility for various development plans. The ±1.5-acre lot size offers ample space for a substantial retail development, catering to the needs of the growing Ravenna community. Situated in Portage County, this location benefits from convenient access to major transportation routes, ensuring high traffic flow and excellent exposure for any new development. The single-tenancy potential allows for a focused and efficient development strategy. This is an ideal opportunity for developers seeking a prime location with significant potential for return on investment in a thriving market. The property's strategic location and flexible development options make it an attractive proposition for businesses seeking to establish a strong presence in Ravenna. Detailed site plans and zoning information are available upon request. Don't miss this chance to acquire a highly desirable commercial property in a rapidly developing area.

• CAP approach

  CAP return

  Valuation

  6%

  $13,197,207

  6.5%

  $12,182,037

  7%

  $11,311,892

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,127,672

  Geo Method

  $11,127,672

• Alternative Use

  Use

  Valuation

  Residential

  $10,276,004

  Hospitality

  $9,412,765

  Educational

  $7,831,310

  Medical

  $8,100,640

  Retail

  $12,182,037

Location Insight

City

Ravenna

County

Portage

State

Ohio

Latitude

41.1587

Longitude

-81.2546

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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