446 Lk St Ravenna, OH 44266-3649
- Retail space
- 45,836 SF
- 4.35 lot acres
Current Use by Public Records
- Aluminum Wheel / Wheel Store
Property Details for 446 Lk St
- Year built
- 1948
- Lot size
- 4.35 lot acres
- Property size
- 45,836 SF
- Property type
- Retail space
- APN
- 31-362-00-00-013
- APU
- 313620000013
Description
This exceptional 47,592-square-foot manufacturing facility, situated on a 4.35-acre lot in Ravenna, Ohio, presents a compelling investment opportunity. Currently vacant, the property offers significant potential for a variety of industrial uses. The building boasts heavy 3-phase power, two loading docks, and a 12' x 10' drive-in door, ensuring efficient operations. A 4,000 lb capacity crane and a wet sprinkler system enhance functionality and safety. The building features a well-maintained roof, with half recently replaced in December 2022. Ceiling heights range from 13'3" to 14'7" in the majority of the space, with a rear section offering 10'3" to the eaves and 13'3" to the peak. Approximately 2,000 square feet of office space includes multiple private offices, a storage room, and four restrooms. The property's convenient location near State Route 59 and Interstate 76 provides excellent access to transportation networks. The seller is open to lease-to-purchase options and will consider seller financing, making this an attractive proposition for qualified buyers. The property is available for occupancy after June 1st, 2024. This is a rare opportunity to acquire a substantial industrial property in a prime location with excellent features.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $435,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $635,000
- 6.5%
- $620,000
- 7%
- $570,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $505,000
- Geo Method
- $500,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $560,000
- Retail
- $615,000
- Mixed-Use
- $495,000
- Hospitality
- $670,000
- Educational
- $665,000
- Residential Income
- $585,000
- Energy
- $575,000
- Income-Based Land
- $510,000
- Food Service
- $535,000
Location Insight
- Map
- Local Demand
- City
- Ravenna
- County
- Portage
- State
- Ohio
- Longitude
- -81.2467
- Latitude
- 41.1479
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN STATISTICAL AREA