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    6693 Chestnut St Ravenna, OH 44266

    Sponsored
    For Sale
    $175,000

    Prime medical office space, excellent location.

    Property size:
    3,016 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,016 square foot medical office condo, located at 6693 N Chestnut St, Ravenna, OH 44266, presents a unique investment opportunity. Situated in a Class B building constructed in 1981, this two-story, double-sized unit (Suite 235) offers ample space for a variety of medical practices. Previously utilized for psychological testing services, the condo boasts one interior restroom, with additional common area restrooms conveniently located just outside the suite entrance. The space includes convenient features such as a kitchenette, several closets and storage areas, and one or more plumbing hookups. Its strategic location offers proximity to key medical facilities, including University Hospitals Portage Medical Center, Regency Hospital Company, and Fresenius Medical Care. Furthermore, its location near Ravenna High School provides easy access for patients and staff. The asking price for this well-maintained property is $175,000, translating to $58.02 per square foot. This represents a compelling opportunity to acquire a well-positioned medical office space in a thriving community.

    Property Features for 6693 Chestnut St

    General Information

    Property type
    Medical offices
    Square Feet
    3,016 SF
    Class
    B

    Building Details

    Year Built
    1981
    Buildings
    1
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Orlando Mary A PhD Psychiatrist Medical Arts Pharmacy ... Pharmacy Badr K Ghumrawi ... Cardiovascular And Thoracic Surgeon Pinnacle Treatment Services ... Addiction Treatment Center Ravenna Chiropractic & Rehab: ... Chiropractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Ravenna
    County
    Portage
    State
    Ohio
    Longitude
    -81.244846177264
    Latitude
    41.173453124639

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    FAQs

    What type of property is this?
    Medical office - Prime medical office space, excellent location.
    Where is this medical office located?
    The property is located at 6693 Chestnut St Ravenna, OH.
    What is the asking price?
    The asking price for this property is $175,000.
    Request Owner's contact information
    6693 Chestnut 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
    6693 Chestnut St Ravenna, OH 44266
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