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Property profile & analytics
OFF-MARKET
Land

2600 Sr-59 Ravenna, OH 44266

1.26 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.26-acre commercial land parcel presents a unique investment opportunity in Ravenna, Ohio. Strategically located on SR-59, this property boasts excellent visibility and high traffic counts due to its proximity to a Walmart shopping center. Both entrances to the shopping center feature traffic signals, ensuring easy access for customers. The property is zoned for Local Commercial District (C1), allowing for a variety of commercial uses. The site offers approximately 200 feet of frontage along SR-59, maximizing exposure to potential customers. This location benefits from its proximity to Kent State University, just two miles west, with an annual enrollment of 22,200 students, providing a substantial potential customer base. Downtown Ravenna, located three miles east, offers additional opportunities for synergy with local restaurants, businesses, and Portage County government offices. This prime location and favorable zoning make this property ideal for a variety of commercial ventures. The high traffic volume and excellent visibility make this an exceptional opportunity for businesses seeking a strong presence in a thriving community.

Property profile
Verified
Property type Land
Lot 1.26 ac (54,886 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
Current use
Occupant on record · Public records
  • Coinstar Bank Credit Union
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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