136 Main StRavenna, OH 44266

Property Details for 136 Main St

Year built

1981

Lot size

0.12 AC

Property size (Sq ft)

1,740 SF

Property type

Retail space

APN

31-366-10-00-011

APU

313661000011

Description

This exceptional investment opportunity presents a newly remodeled, three-unit commercial building at 136 E Main Street, Ravenna, OH. Spanning 3,300 square feet on a 0.12-acre lot, this property is ideally situated in the Central Business District. Currently occupied by a diverse tenant mix including a pizza shop, a real estate office, and an office/retail space, this building offers immediate cash flow potential. The property includes approximately 10 parking spaces, a significant advantage in a downtown setting. The building's current configuration allows for flexibility in future tenant occupancy. The owner covers city water, sewer, property taxes, and building insurance, while tenants are responsible for utilities and their own insurance. Showings are available with a minimum of 24 hours' notice. The sale includes multiple parcels encompassing 134 E Main Street, 136 E Main Street, and 202 S Prospect Street. Prospective buyers are responsible for verifying that the zoning and building codes meet their intended use. This is a turnkey opportunity for an investor seeking a well-maintained, income-producing property in a vibrant downtown location. The asking price is $250,000. Don't miss this chance to acquire a prime piece of Ravenna real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $486,435

  6.5%

  $449,017

  7%

  $416,944

• Comparable approach

  Method

  Valuation

  Relative Method

  $410,154

  Geo Method

  $410,154

• Alternative Use

  Use

  Valuation

  Residential

  $378,763

  Hospitality

  $346,945

  Educational

  $288,654

  Medical

  $298,581

  Retail

  $449,017

Location Insight

City

Ravenna

County

Portage

State

Ohio

Latitude

41.1574

Longitude

-81.2417

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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