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444 S Meridian St 9,624 SF Office Building Ravenna, OH 44266 $600,000 ($62.34/SF)
INVESTMENT HIGHLIGHTS
- 9,624 SF Office building and 3 residential homes
EXECUTIVE SUMMARY
Investment opportunity to own a multipurpose investment with up to 9 commercial units and 3 residential homes on 1.4 acres in Ravenna. Current occupants include the BMV, dentist and a foot doctor. 3 vacancies available for lease. Homes are all rented to long term tenants.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$82,188
|
$8.54
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$82,188
|
$8.54
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $82,188 |
| Annual Per SF | $8.54 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $82,188 |
| Annual Per SF | $8.54 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
9,624 SF
Building Class
B
Year Built
1964
Price
$600,000
Price Per SF
$62.34
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,624 SF
Building FAR
0.16
Lot Size
1.40 AC
Zoning
Commercial - Medical Building
Parking
70 Spaces (7.27 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
3 spaces available in the Ravenna BMV building. 1. Front of the building and it is wide open. 2. Next to Foot Dr and Dentist. Several single offices and reception area. 3. Flexible space that needs remodeled.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 1,000 SF | Office | - | Now |
1st Floor
| Size |
| 1,000 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 1,000 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
3 spaces available in the Ravenna BMV building. 1. Front of the building and it is wide open. 2. Next to Foot Dr and Dentist. Several single offices and reception area. 3. Flexible space that needs remodeled.
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $152,950 | |
| Land Assessment | $19,960 | Total Assessment | $172,910 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$19,960
Improvements Assessment
$152,950
Total Assessment
$172,910
1 of 25
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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444 S Meridian St
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