0 Ferndale Rd Ravenna, OH 44266
This exceptional 0.38-acre commercial land parcel presents a unique investment opportunity in Ravenna, Ohio. Situated at the corner of Ferndale Road and Newton Falls Road in Portage County, this property boasts excellent visibility and accessibility. The lot is conveniently located within Ravenna Township, offering a central position within the community. Currently zoned Residential Commercial, this flat, easily developable land is ideally suited for a variety of uses. Its proximity to existing duplexes and multi-family housing suggests potential for similar development, capitalizing on the existing residential character of the area. The property's flat terrain simplifies construction, minimizing site preparation costs. The asking price is $49,000. The zip code is 44266. This is a rare opportunity to acquire a well-positioned commercial lot with significant development potential in a thriving Ohio community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.