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Property profile & analytics
OFF-MARKET
Land

2594 Oh-59 Ravenna, OH 44266

2.09 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.091-acre commercial land parcel presents a remarkable investment opportunity in Ravenna, Ohio. Strategically located at 2594 OH-59, the property boasts over 350 feet of frontage on the heavily trafficked Kent-Ravenna Road, ensuring maximum visibility for any development. Its advantageous position is further enhanced by its adjacency to a traffic signal, optimizing accessibility and attracting significant foot and vehicle traffic. The site benefits from a shadow anchor, a Walmart Supercenter, driving consistent consumer traffic to the immediate area. Across the road sits the recently constructed Akron Children's Hospital Pediatric Rehabilitative Center, a substantial 29,500 square foot facility on 7.23 acres, further solidifying the area's strong healthcare presence and drawing a steady stream of visitors. The property's proximity to Kent State University's main campus (less than two miles away) provides access to a large student population and associated community. The land is divisible, offering flexibility for various development scenarios. This prime location, coupled with its size and visibility, makes this property ideal for a wide range of commercial ventures. The property's APN is 29-357-00-00-023-003. This is a rare opportunity to acquire a highly desirable commercial parcel in a thriving area.

Property profile
Verified
Property type Land
Lot 2.09 ac (91,084 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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