Ravenna, OH 44266,4935 S Prospect ST
Ravenna, OH 44266,4935 S Prospect ST
Ravenna, OH 44266,4935 S Prospect ST
25
$725,000
$784,900
7.6%
Est.Price: ?

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3.69 Acres Lot

4935 S Prospect ST Ravenna, OH 44266

Est. payment /mo
SOLD DATE : 12/05/2024

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Key Details

Sold Price $725,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 5055131

Sold Date 12/05/24

HOA Y/N No

Year Built 1991

Annual Tax Amount $7,319

Tax Year 2023

Lot Size 3.693 Acres

Acres 3.693

Property Description

Calling all investors! Don’t miss this unique opportunity to purchase a 100% occupied 6 unit retail building with warehouse in Rootstown Ohio. This well positioned building located on S Prospect Street (SR 44) near the busy intersection of S. Prospect and Sandy Lake Rd. features 8,960 sq ft with 5 half bathrooms, 1 full bathroom, 4 large drive-in doors, walk-up attic space, large warehouse/shop, 3.69 acres, and ample parking.

Investment Highlights:

100% Occupied.

Good rental history and several long term tenants.

Opportunity to increase rental income.

Great Location and Visibility.

High traffic counts (approximately 10,000 + cars per day).

Zoned C-2/ General Commercial.

3.6930 Acres with Ample Parking (128 ft. x 60 ft. parking lot).

Units A & B have 8ft ceilings, and unit B has a kitchenette while units C, D & E have 14 ft. ceilings.

Units C, D, & E are approx. 40 x 80 combined and units A & B are approx. 24 x 40. Unit F is approx. 3,000 Sq. ft. with 16 ft. Ceilings.

Units D, C & E have 10 ft. x 12 ft. drive in door.

Unit F has a 14 ft. x 14 ft. drive in door.

5 New A/c Units (Units A,B, C,E) and 3 New Furnaces (Units CDE). Unit D A/C to replaced prior to closing. NO A/C in warehouse.

Gas and Electric metered separately.

Approximately 1 mile from I-76 and less than .5 miles to SR 5.

Approximately 1.6 Miles from NEOMED (Northeastern Ohio College of Medicine), and 7 miles from Kent State University.

Minutes from Downtown Kent and Downtown Ravenna.

Close proximity to several newer residential housing developments.

Location

State OH

County Portage

Rooms

Basement None

Interior

Heating Forced Air, Gas, Radiant

Cooling Central Air

Fireplace No

Exterior

Parking Features Concrete, Garage, Heated Garage, Indoor, Parking Lot

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Building

Sewer Septic Tank

Water Public

Schools

School District Rootstown Lsd - 6707

Others

Tax ID 32-019-00-00-001-006

Financing Conventional

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Listed by Ryan Poland • Jack Kohl Realty • 330-296-9997 jkohlre@jkohlre.com
Bought with Mary Ellsworth • Berkshire Hathaway HomeServices Stouffer Realty

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Derek Villers

REALTOR/Salesperson | License ID: WVS200301302

+1(304) 532-4907

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