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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

6942 Oh-44 Ravenna, OH 44266

2,132 SF 10.2 ac lot Built 1949
Property ID
Property summary
AI-generated overview

This exceptional mixed-use property, located at 6942 OH-44 in Ravenna, Ohio, presents a unique investment opportunity. Boasting a total of 2,132 square feet on a sprawling 10.2-acre lot, this property is situated on a busy corner at the intersection of State Route 44 and State Route 14, experiencing a high daily traffic count of 18,372 vehicles. The property features two units, currently vacant, within a single, one-story building constructed in 1949 and renovated in 1994. The property includes ample parking with 24 spaces, providing convenient access for both tenants and customers. Previously utilized as a medical office, the adaptable floor plan offers significant potential for various uses. The main area, originally a three-bedroom, one-bathroom single-family home, features a full basement. A separate section, converted from a garage, provides additional space. Both areas are ADA accessible. The property includes a large sitting area, kitchenette, full bathroom, half bath, and multiple exam rooms with sinks. Separate furnaces serve each unit. The roof is estimated to be 6-10 years old. This prime location offers proximity to University Hospital, NEO MED, and Kent State University, enhancing its appeal to a wide range of potential tenants. The property's zoning allows for diverse commercial uses, including conversion into residential apartments or continued use as commercial space. Demolition and new construction are also possibilities. Additional acreage surrounding the property is also available for purchase. The asking price is $295,000, translating to $138.37 per square foot. The property's APN is 29-210-00-00-010-000, 29-210-00-00-011-000. The zip code is 44266.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1949
Total area 2,132 SF
Lot 10.2 ac (444,312 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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