160 Chestnut St Ravenna, OH 44266-2256
- Office buildings
- 2,756 SF
- 0.37 lot acres
Current Use by Public Records
- The Law Offices of Harry Bernstein / Law Firm / Social Security Attorney
- the Hive Gathering Place / Conference Center
- rick hawksley architect / Architect
- The Hive. Co Working Shared Office / Office Equipment Rental Service
Property Details for 160 Chestnut St
- Year built
- 1890
- Construction
- FRAME
- Lot size
- 0.37 lot acres
- Property size
- 2,756 SF
- Property type
- Office buildings
- APN
- 31-349-04-00-304
- APU
- 313490400304
Description
This stunning 1840s-era, 2-story retail building at 160 N Chestnut Street in Ravenna, Ohio, offers 2,756 square feet of versatile space. Recently renovated to reflect its historical charm, it features a large foyer, two spacious meeting rooms, a smaller office, a sunroom, and a catering kitchen. The first floor is ideal for retail, office, or event space use, having previously served as a successful event venue. Upstairs, a leased two-bedroom, one-bathroom apartment with a modern kitchen boasts granite countertops and updated cabinets, providing additional income potential. The property includes a 0.372-acre lot with a 12-car parking lot and a one-car attached garage. Recent upgrades include solar panels, new paving, fencing, roof, furnace, and A/C. Zoned Commercial (Central Business District) with a conditional use permit for the apartment, this property presents endless possibilities for a savvy investor. The property's rich history and modern amenities combine to create a unique and highly desirable commercial opportunity. Located in Portage County, Ohio, with easy access to local amenities and transportation, this property is priced at $279,900. The APN is 31-349-04-00-304-000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $60,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $65,000
- 6.5%
- $65,000
- 7%
- $70,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $65,000
- Geo Method
- $70,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $60,000
- Retail
- $55,000
- Mixed-Use
- $55,000
- Hospitality
- $60,000
- Educational
- $60,000
- Residential Income
- $60,000
- Energy
- $60,000
- Income-Based Land
- $60,000
- Food Service
- $55,000
Location Insight
- Map
- Local Demand
- City
- Ravenna
- County
- Portage
- State
- Ohio
- Longitude
- -81.2426
- Latitude
- 41.1597
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN STATISTICAL AREA
