446 West Lake Street, Ravenna, OH for sale

Investment Overview

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