Commercial Real Estate for Sale at 127 E Main Street in Ravenna, OH for $2,700,000

127 E Main Street | Ravenna

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.\r\n\r\nAt a Glance \r\nHigh 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.\r\nLocated in the lively Jefferson neighborhood of Cleveland, near the corner of Lorain Avenue and West 117th Street (nearly 30,000 VPD).\r\nListed on the National Register of Historic Places.\r\nConvenient access to I-90 (nearly 130,000 VPD).\r\n$1.4 Million available in state-funded grants.\r\n\r\nRetail Units\r\nFive Retail Storefronts: \u002B/- 6,455 SF of versatile space.\r\nPrime Visibility: Excellent frontage on Lorain Avenue with nearly 30,000 vehicles per day (VPD).\r\nFlexible Layouts: Storefronts can be combined to create larger continuous spaces.\r\nIdeal Opportunities: Perfect for a coffee shop, restaurant, record store, or other boutique retail. MLSNow 5204175 Directions to property: Head toward E Main St., Turn left at the 1st cross street onto E Main St., Destination on the right.