240 Chestnut StRavenna, OH 44266

This exceptional 2,700 square foot freestanding office building is ideally situated in the heart of Ravenna, Ohio, directly behind the Portage County Courthouse. Built in 1940 and renovated in 1994, this single-story building sits on a 0.124-acre lot and offers convenient access to downtown amenities. The property features ten paved on-site parking spaces, a significant advantage in this central location. The building is comprised of three individual office units, each with its own utilities, providing flexibility for various business needs. Currently, two suites are occupied under transferable leases, ensuring immediate income potential. The property boasts city water and sewer connections and is zoned for Central Business District use, allowing for a wide range of commercial applications. The asking price is $250,000, translating to $92.59 per square foot. The building is currently 75% occupied, with lease commencement for existing tenants on January 1st, 2023. The property's APN is 31-361-13-00-111-000, and ownership is held by an Estate/Trust. This presents a unique opportunity to acquire a well-maintained, income-producing property in a high-demand area.