Selling 59 Acres of commercial property in NE Ohio for sale.

 1) Subject Property city & zip code:
    Where this property located?  2796 St. Rt. 59 Ravenna Ohio, 44266. It is located on the Outskirts of Kent State University in Portage county Ohio.

2) As-is value: Based upon thorough knowledge of the local real estate market, this property is worth as-is, undeveloped, with no improvements? $2,714,000.00
 
3) Total # Acres: 59
     Biddable / Usable acreage: 50
     Wooded acreage: 20-22
     Current Zoning & Use: commercial/raw land can be changed residential easily.

4) Paved Road Frontage [feet]:  400 ft 769.50 feet back it opens another 588.29 feet giving a total of 1,357.79 feet. The 769.50 back runs along PMHA property and bus stop.    Water Frontage: Pond 5%
    Traffic Counts on fronting roads: In 2004 the volume was said to be 18,280 daily-peek hours 15,030. They estimated that by 2011 the daily volume would be 23,030. Now in 2008 they are currently winding roads.

5) The Owner/Seller is an individual.

6) The Seller had owned this property for 11 years

7) The Seller owns the property free & clear.
8) There is no foreclosure and no bankruptcy.

9) The Owner has been trying to sell this property for 1 year

10) It has been on the market for 6 months.

11) There have been no problems selling this property directly to LOCAL Investors & Developers we have not pushed the selling.

12) The Seller would like to close ASAP

13) The Owners are selling this property for retirement and relocation.

14) There is utility's on property-water, sewer, and gas main plus 3 phase electric.

15) The HIGHEST & BEST USE for this property is retail, rental,  or housing.

16) Asking Price: $ 2,700,000.00
      How did we determine this price? Appraisal

17) The Owner will not seller-finance.

18) It has already been zoned commercial. But can easily be rezoned Local description: Less then half mile away the Kent-Ravenna Super Wal-Mart and new plaza and town house apartments. Kent State Golf Course is a mile away. Next door to property is PMHA (protage metro housing authorities) and bus stop. We have been told this property fully developed can be worth $100,000,000.00 if not more. This is a quickly developing area. Thank you for your time.

Kimberly Holland