0 Ferndale St Ravenna, OH 44266
This exceptional 0.379-acre parcel, located at the corner of Ferndale Street and Newton Falls Road in Ravenna Township, Ohio (APN 29-325-20-00-173-005), presents a unique opportunity for developers. Zoned Residential Commercial, this flat, highly visible lot offers significant potential. Its strategic location is adjacent to existing duplexes and multi-family housing, suggesting suitability for similar development. The asking price is $49,000. The property's even topography and excellent visibility make it an attractive proposition for a new construction project. The 44266 zip code offers convenient access to local amenities and transportation routes. Serious inquiries are encouraged to explore the possibilities of this prime development land. This is a rare opportunity to acquire a well-situated lot in a growing area. The property's size and zoning make it ideal for a variety of residential or commercial projects. Don't miss out on this chance to secure a valuable asset in a desirable location.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.