785 Freedom St Ravenna, OH 44266
- Office Properties & Spaces
- 4,064 SF
- 5.56 lot acres
Current Use by Public Records
- Catacel Corp / Corporate Office
- CJM Warehouse / Warehouse
- Johnson Matthey - Catacel Tech Center / Manufacturer
- Portage Industries Freedom location / Corporate Office
Property Details for 785 Freedom St
- Year built
- 1952
- Lot size
- 5.56 lot acres
- Property size
- 4,064 SF
- Property type
- Office Properties & Spaces
- APN
- 31-316-10-00-141
- APU
- 313161000141
Description
This exceptional industrial property, located at 785 N Freedom St, Ravenna, OH 44266, offers a prime opportunity for manufacturing businesses. The property encompasses a substantial 60,420 square feet across two single-story buildings, constructed in 1947 and extensively renovated in 2013. The site sits on a generous 5.561-acre lot and is zoned I-1. The facility features a variety of space options, with a minimum divisible space of 21,013 square feet and a maximum contiguous space of 21,257 square feet. Currently, 33,612 square feet is available for lease. Building features include 18" eave height and 19'8" peak ceilings, providing ample vertical space. Loading and unloading is facilitated by three loading docks and one drive-in door. The property boasts robust electrical service with 400 Amp / 480 Volt 3-phase power. This well-maintained property presents a unique opportunity for businesses seeking a versatile and functional manufacturing space in a convenient location. The property's multiple suite configuration allows for flexibility in tenant needs. The address is 785 N Freedom St, Ravenna, OH 44266, and the APN is 31-316-10-00-141-000. This is a rare opportunity to secure a well-located, sizable manufacturing facility in a thriving Ohio market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,775,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,625,000
- 6.5%
- $2,515,000
- 7%
- $2,545,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,430,000
- Geo Method
- $2,130,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,415,000
- Retail
- $2,590,000
- Mixed-Use
- $2,685,000
- Hospitality
- $2,125,000
- Educational
- $2,630,000
- Residential Income
- $2,395,000
- Energy
- $2,125,000
- Income-Based Land
- $2,640,000
- Food Service
- $2,520,000
Location Insight
- Map
- Local Demand
- City
- Ravenna
- County
- Portage
- State
- Ohio
- Longitude
- -81.2334
- Latitude
- 41.1697
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN STATISTICAL AREA
