3365 Oh-59 Ravenna, OH 44266
This unique mixed-use property in Ravenna, Ohio, presents a compelling investment opportunity. The asking price is $159,900. The property consists of a former Buckeye Glass building, operating successfully for 37 years, and an adjacent 1925 Sears & Roebuck catalog kit house. Both are situated at 3365 OH-59, Ravenna, OH 44266. The commercial space, previously used as an auto shop and storefront, offers high visibility due to its location on a busy road. Its adaptable layout suits various businesses, including those needing storage space. The property shares a well and septic system with the adjacent residential house. This presents a unique opportunity for a business owner seeking a combined live/work space or an investor looking for rental income potential. The property is conveniently located near a Family Dollar, a city park, and a bus station. The property is being sold as-is. Auction starts July 30th, 2024, and ends September 30th, 2024, at 5:00 PM. Minimum bid increments are $2,500. Offers may be accepted before the auction end date.
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.