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Property profile & analytics
OFF-MARKET Estimated value $740,000
Retail space

446 Lk St Ravenna, OH 44266-3649

45,836 SF 4.35 ac lot Built 1948
Individually Owned 4-yr Hold Free & Clear
Property ID
US66-0294206
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1948
Total area 45,836 SF
Lot 4.35 ac (189,530 SF)
APN 31-362-00-00-013
UPID US66-0294206
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
Current use
Occupant on record · Public records
  • Aluminum Wheel Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$860k
CAP Approach CAP
by Request
Comparable Approach Comparable
$944k
Blend (final) Blend
$740k
Owner & transaction history
Simon Rees · 4 yrs held
Simon Rees
since 2021
Last sale
$610,000
4 recorded transactions
2021
$610,000
2019
$240,000
2001
$320,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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