250 Sycamore StRavenna, OH 44266

Property Details for 250 Sycamore St

Year built

1890

Lot size

1.67 AC

Property size (Sq ft)

21,179 SF

Property type

Retail properties

Property subtype

Retail space

APN

31-361-13-00-047

APU

313611300047

Description

This single-tenant warehouse, located in downtown Ravenna at 250 Sycamore, offers 22,535 square feet of light manufacturing/warehouse space. The property sits on a 1.67-acre lot with frontage on three streets (including Spruce and Mill) and features a 1-story, 1890-built structure. High ceilings range from 23 to 32 feet, with 32 feet of clearance under roof beams and 23'6" under a 15-ton crane in Space A. The building boasts substantial power (480 Volts/800 amps), eight jib cranes, and multiple loading options including one loading dock and three drive-in doors (sizes: 14x21, 10x10, and 12x10). Approximately 920 square feet of office space is included, along with two restrooms. The owner plans to renovate the office area before occupancy. The property is zoned for Light Manufacturing/Warehouse use and has a total tax cost per square foot of $3,381. Ample on-site private parking is available. The Assessor's Parcel Number (APN) is 31-361-13-00--047-000.

• CAP approach

  CAP return

  Valuation

  6%

  $5,920,810

  6.5%

  $5,465,362

  7%

  $5,074,980

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,992,331

  Geo Method

  $4,992,331

• Alternative Use

  Use

  Valuation

  Residential

  $4,610,238

  Hospitality

  $4,222,953

  Educational

  $3,513,447

  Medical

  $3,634,280

  Retail

  $5,465,362

Location Insight

City

Ravenna

County

Portage

State

Ohio

Latitude

41.1558

Longitude

-81.247

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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