17934 Ravenna Rd Chagrin Falls, OH 44023
- Retail properties
- 6.44 lot acres
Current Use by Public Records
- Retail properties
Property Details for 17934 Ravenna Rd
- Lot size
- 6.44 lot acres
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional opportunity presents two strategically located commercial land parcels in Chagrin Falls, Ohio, ideally suited for retail development. The East side parcel encompasses 6.44 acres, priced at $800,000 ($125,000/acre), with an additional 2.79 acres available for expansion. This site boasts dimensions of 401' x 738' and benefits from its location adjacent to a planned industrial/residential development. The West side parcel offers 0.38 acres currently priced at $1,300,000 (~$125,000/acre), with expansion potential up to 16.78 acres. Its dimensions are 300' x 1,621'. Both parcels are zoned primarily B3 Motorist Service, with a smaller portion of the East parcel zoned B4 Office Light Industrial. The high-traffic location is underscored by impressive daily traffic counts: 7,092 vehicles per day on Ravenna Road (Route 44) and 23,416 vehicles per day on Route 422, according to ODOT TIMS data. The area boasts exceptionally high average household incomes within a 10-minute drive time, reaching $132,149. Furthermore, a recently completed $3 million sewer project enhances the site's development potential. The proximity to the large Great Lakes Cheese facility (600,000+ sq ft, recently expanded by 300,000 sq ft, adding 400 jobs) adds significant value and potential for synergy. This is a rare opportunity to acquire prime commercial land in a thriving, high-income area with excellent infrastructure and strong growth prospects.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chagrin Falls
- County
- Geauga
- State
- Ohio
- Longitude
- -81.2171
- Latitude
- 41.3827
