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    6220 Wall St Ravenna, OH 44266

    For Sale
    $225,000

    0.21-acre lot, $225,000 - ideal for development.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional 0.21-acre lot, located at 6220 Wall Street in Ravenna, Ohio, presents a unique opportunity for investors and developers. Priced competitively at $225,000, this property offers significant potential for various commercial ventures. The land is conveniently situated in Ravenna, providing easy access to local amenities and transportation routes. Its size makes it suitable for a range of projects, from small-scale commercial buildings to potential expansion of existing businesses. The absence of existing structures allows for complete design flexibility, enabling the creation of a customized development tailored to specific needs. This property is a blank canvas, ready for a visionary entrepreneur to transform it into a thriving commercial asset. Given its prime location and attractive price point, this 0.21-acre lot represents a compelling investment opportunity with substantial upside potential. Serious inquiries are encouraged to explore the possibilities this property offers. The property is zoned for commercial use, although buyers are advised to conduct their own due diligence to confirm zoning and permitted uses. The sale includes the entire 0.21-acre parcel. Act quickly, as opportunities like this are rare.

    Property Features for 6220 Wall St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    9,148 SF

    Building Details

    Year Built
    1940
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy Auto Repair Shop Kitchen & Bath Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ravenna
    County
    Portage
    State
    Ohio
    Longitude
    -81.27277
    Latitude
    41.15937

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    FAQs

    What type of property is this?
    Commercial real estate - 0.21-acre lot, $225,000 - ideal for development.
    Where is this commercial real estate located?
    The property is located at 6220 Wall St Ravenna, OH.
    What is the asking price?
    The asking price for this property is $225,000.
    (330) 492-9278
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    6220 Wall St Ravenna, OH 44266
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6220 Wall St Ravenna, OH 44266
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