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409 S Prospect ST Ravenna, OH 44266
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Key Details
Sold Price $230,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,526 sqft
Price per Sqft $65
Subdivision J L
MLS Listing ID 4239335
Sold Date 01/15/21
Construction Status Unknown
HOA Y/N No
Abv Grd Liv Area 3,526
Year Built 1901
Annual Tax Amount $4,434
Lot Size 0.764 Acres
Acres 0.764
Property Description
Excellent opportunity to own an income producing property in downtown Ravenna, with plenty of parking. There are three buildings total on the property. The main building consists of five offices, a conference room, a front lobby, three restrooms, and also a spacious two bedroom apartment on the second floor. Quality millwork and craftsmanship throughout. Updated furnace, electric and some windows. Most of the offices are currently rented by long term tenants (walking distance to the County Courthouse). The second building is an 8 bay storage building. Each bay is 10x10x28 and rents for $105/mo each (always rented!). The last building is a two story 3 bay storage building which currently rents for $315/mo total.
The entire property currently brings in $3,755/month with potential to gross $4,205/mo.
This would make a great place for a business owner to have your own private office while having others pay for the real estate you own. Owner of last 40+ years is ready to pass along to n
Location
State OH
County Portage
Rooms
Basement Partial, Unfinished
Interior
Heating Baseboard, Electric, Forced Air, Gas
Cooling Window Unit(s)
Fireplace No
Exterior
Parking Features Driveway, Paved
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Total Parking Spaces 15
Building
Story 2
Sewer Public Sewer
Water Public
Construction Status Unknown
Schools
School District Ravenna Csd - 6706
Others
Tax ID 31-366-24-00-072-001
Financing Cash
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Bought with Lucien Pruszynski • RE/MAX Traditions