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446 W Lake St
Ravenna, OH 44266
Industrial Property For Sale
Executive Summary
The Subject Property is an industrial investment property with a net
operating income of $98,633.
The property is a 47,592 SF manufacturing building that sits on 4.35 acres
of land. It is located in Ravenna in close proximity to State Route 59 and
Interstate 76. The current tenant is a lighting manufacturer who is leasing
the building through March of 2032. The building is equipped with heavy 3
phase power, 2 docks, one 12x10 drive in door, a crane with a 4,000 lb
capacity, and a wet sprinkler system.
The roof has been well maintained with half of it being replaced in
December of 2022. The majority of the building has 13'3" - 14'7" ceiling
heights to the bar joist. The rear portion of the building, currently utilized
for product storage, features 10'3" to the eaves and 13'3" to the peak. The
building features approximately 2,000 SF of office space which features
multiple private offices, a storage room, and 4 restrooms.
Ownership is open to seller financing offers
operating income of $98,633.
The property is a 47,592 SF manufacturing building that sits on 4.35 acres
of land. It is located in Ravenna in close proximity to State Route 59 and
Interstate 76. The current tenant is a lighting manufacturer who is leasing
the building through March of 2032. The building is equipped with heavy 3
phase power, 2 docks, one 12x10 drive in door, a crane with a 4,000 lb
capacity, and a wet sprinkler system.
The roof has been well maintained with half of it being replaced in
December of 2022. The majority of the building has 13'3" - 14'7" ceiling
heights to the bar joist. The rear portion of the building, currently utilized
for product storage, features 10'3" to the eaves and 13'3" to the peak. The
building features approximately 2,000 SF of office space which features
multiple private offices, a storage room, and 4 restrooms.
Ownership is open to seller financing offers
Property Facts
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 9.91% | Year Built/Renovated | 1955/2003 |
| Property Type | Industrial | Parking Ratio | 1.05/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 14’6” |
| Building Class | C | No. Dock-High Doors/Loading | 2 |
| Lot Size | 4.35 AC | No. Drive In / Grade-Level Doors | 1 |
| Rentable Building Area | 47,592 SF | ||
| Zoning | I-1 | ||
| Sale Type | Investment |
| Cap Rate | 9.91% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 4.35 AC |
| Rentable Building Area | 47,592 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1955/2003 |
| Parking Ratio | 1.05/1,000 SF |
| Clear Ceiling Height | 14’6” |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | I-1 |
Amenities
- Air Conditioning
Utilities
- Lighting
- Gas
- Water - City Water
- Sewer - City Sewer
- Heating - Gas
Property Taxes
| Parcel Number | 31-362-00-00-013-000 | Improvements Assessment | $244,122 CAD |
| Land Assessment | $50,418 CAD | Total Assessment | $294,541 CAD |
Property Taxes
Parcel Number
31-362-00-00-013-000
Land Assessment
$50,418 CAD
Improvements Assessment
$244,122 CAD
Total Assessment
$294,541 CAD
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