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Property profile & analytics
FOR SALE
Grocery and convenience stores

832 West Main St Ravenna, OH 44266

47,207 SF 4.2 ac lot Built 2002
Entity Owned 18-yr Hold Free & Clear
Property ID
US66-6110322
Property summary
AI-generated overview

This exceptional 1-acre commercial property presents a rare development opportunity in Ravenna, Ohio. Located at 832 W Main St, on the hard corner of W Main St and N Diamond St, this site boasts high visibility due to its signalized intersection. The property is zoned for retail use and is available for sale, ground lease, or build-to-suit options, providing flexibility for various development plans. The ±1.5-acre lot size offers ample space for a substantial retail development, catering to the needs of the growing Ravenna community. Situated in Portage County, this location benefits from convenient access to major transportation routes, ensuring high traffic flow and excellent exposure for any new development. The single-tenancy potential allows for a focused and efficient development strategy. This is an ideal opportunity for developers seeking a prime location with significant potential for return on investment in a thriving market. The property's strategic location and flexible development options make it an attractive proposition for businesses seeking to establish a strong presence in Ravenna. Detailed site plans and zoning information are available upon request. Don't miss this chance to acquire a highly desirable commercial property in a rapidly developing area.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2002
Total area 47,207 SF
Lot 4.2 ac (182,908 SF)
APN 31-306-03-00-021
UPID US66-6110322
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.16M
Blend (final) Blend
$1.63M
Owner & transaction history
Blend-all Hotel Dev INC · 18 yrs held
Blend-all Hotel Dev INC
since 2007
3 recorded transactions
2007
$750,000
2001
$175,000
1999
$72,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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