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    2594 Oh-59 Ravenna, OH 44266

    Sponsored
    For Sale
    Contact for pricing

    Prime commercial land, high visibility, Kent-Ravenna Road.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.091-acre commercial land parcel presents a remarkable investment opportunity in Ravenna, Ohio. Strategically located at 2594 OH-59, the property boasts over 350 feet of frontage on the heavily trafficked Kent-Ravenna Road, ensuring maximum visibility for any development. Its advantageous position is further enhanced by its adjacency to a traffic signal, optimizing accessibility and attracting significant foot and vehicle traffic. The site benefits from a shadow anchor, a Walmart Supercenter, driving consistent consumer traffic to the immediate area. Across the road sits the recently constructed Akron Children's Hospital Pediatric Rehabilitative Center, a substantial 29,500 square foot facility on 7.23 acres, further solidifying the area's strong healthcare presence and drawing a steady stream of visitors. The property's proximity to Kent State University's main campus (less than two miles away) provides access to a large student population and associated community. The land is divisible, offering flexibility for various development scenarios. This prime location, coupled with its size and visibility, makes this property ideal for a wide range of commercial ventures. The property's APN is 29-357-00-00-023-003. This is a rare opportunity to acquire a highly desirable commercial parcel in a thriving area.

    Property Features for 2594 Oh-59

    General Information

    Property type
    Land
    Lot Size
    91,084 SF

    HighLights

    • 2.091‑acre commercial land parcel available for sale or ground lease.
    • 350+ feet of frontage on heavily trafficked OH‑59 (Kent‑Ravenna Road).
    • Located at a signalized intersection.
    • Shadow‑anchored by a Walmart Supercenter.
    • Across from a newly constructed Akron Children's Hospital facility.
    • Less than two miles from Kent State University.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ravenna
    County
    Portage
    State
    Ohio
    Longitude
    -81.299680965561
    Latitude
    41.157854587824

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    FAQs

    What type of property is this?
    Land - Prime commercial land, high visibility, Kent-Ravenna Road.
    Where is this land located?
    The property is located at 2594 Oh-59 Ravenna, OH.
    What are key features of this property?
    This property features: 2.091-acre commercial land parcel available for sale or ground lease.; 350+ feet of frontage on heavily trafficked OH-59 (Kent-Ravenna Road).; Located at a signalized intersection.
    (216) 545-1004
    Request Owner's contact information
    2594 Oh-59 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
    2594 Oh-59 Ravenna, OH 44266
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