46
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$2,700,000
Est. payment /mo
0.7 Acres Lot
New
127 E Main ST Ravenna, OH 44266
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5204175
HOA Y/N No
Year Built 1870
Annual Tax Amount $20,255
Tax Year 2025
Lot Size 0.700 Acres
Acres 0.7
Property Sub-Type Mixed Use
Property Description
Prime investment opportunity in the heart of Ravenna! This mixed-use commercial building features 11 commercial units/offices along with 17 residential apartment units, offering strong income potential and diverse revenue streams. Ideally located with great visibility and accessibility, this property is perfect for investors looking to expand their portfolio or generate consistent cash flow.
At a Glance
High profile revitalization or redevelopment opportunity of The Variety Theater, featuring a 20,675 square foot auditorium, multiple retail suites fronting Lorain Avenue and second floor apartments, totaling ~33,323 SF.
Located in the lively Jefferson neighborhood of Cleveland, near the corner of Lorain Avenue and West 117th Street (nearly 30,000 VPD).
Listed on the National Register of Historic Places.
Convenient access to I-90 (nearly 130,000 VPD).
$1.4 Million available in state-funded grants.
Retail Units
Five Retail Storefronts: +/- 6,455 SF of versatile space.
Prime Visibility: Excellent frontage on Lorain Avenue with nearly 30,000 vehicles per day (VPD).
Flexible Layouts: Storefronts can be combined to create larger continuous spaces.
Ideal Opportunities: Perfect for a coffee shop, restaurant, record store, or other boutique retail.
At a Glance
High profile revitalization or redevelopment opportunity of The Variety Theater, featuring a 20,675 square foot auditorium, multiple retail suites fronting Lorain Avenue and second floor apartments, totaling ~33,323 SF.
Located in the lively Jefferson neighborhood of Cleveland, near the corner of Lorain Avenue and West 117th Street (nearly 30,000 VPD).
Listed on the National Register of Historic Places.
Convenient access to I-90 (nearly 130,000 VPD).
$1.4 Million available in state-funded grants.
Retail Units
Five Retail Storefronts: +/- 6,455 SF of versatile space.
Prime Visibility: Excellent frontage on Lorain Avenue with nearly 30,000 vehicles per day (VPD).
Flexible Layouts: Storefronts can be combined to create larger continuous spaces.
Ideal Opportunities: Perfect for a coffee shop, restaurant, record store, or other boutique retail.
Location
State OH
County Portage
Interior
Heating Gas
Cooling Central Air
Fireplace No
Exterior
Water Access Desc Public
Roof Type Asphalt
Building
Sewer Public Sewer
Water Public
Schools
School District Ravenna Csd - 6706
Others
Tax ID 31-349-04-00-195-000
Listed by Nicholas R Papas • Keller Williams Chervenic Rlty • NickPapas@kw.com, 216-316-7703
NEARBY SCHOOL & BUSINESS
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