Property Description

Development opportunity in Ravenna! 3.203 Acres of Vacant Residential Land within the City limits and zoned for Residential, multi-family use. Public utilities are available at the street. Soils report shows this is a great piece of ground to build a multi-family complex on. Close proximity to Downtown Ravenna, Kent, Kent State University, NEOMED, BIOMED, the University of Akron, and all major highways and roadways such as SR 88, SR 14, SR 5, I76, I-80 (Ohio Turnpike), I-480, and more.

Lovers Lane | MLS# 5185630

This land located at Lovers Lane, Ravenna, OH 44266 is currently listed for sale with an asking price of $84,900. The property has approximately 3.21 Acres. Lovers Lane is located within the Ravenna City school district. Search Ravenna real estate on 251danielburnhamsquareunitunit259.cutlerhomes.com today.

Property Features

Property Type: Land - Residential

Days on Market: 71

Lot Size: 3.21 Acres

Taxes: $287 / year

Feature Descriptions

Fencing: None

Parcel#: 31-314-02-00-021-026

Parking: None, On Site, On Street

Sewer: Public Sewer, None

Utilities: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available, Sewer Not Available, Water Not Available

Water: Public, None

Local Schools

School District: Ravenna City

Demographics

Portage County Demographic Information for Lovers Lane, Ravenna, OH 44266

Fips

Fips Code 39133

Population

2020 to 2025 Change up 1.0%

2010 Count 161,419

2020 Count 161,791

2025 Estimate (V2025) 163,404

2020 Estimate (V2025) 161,796

Age Distribution (Years Old)

0 to 4 4.5%

5 to 17 17.8%

18 to 64 58.5%

65 and Older 19.2%

Gender

Male 49.3%

Female 50.7%

Place of Birth

Foreign 3.7%

US 96.3%

Education

High School Graduate, Age 25+ 92.9%

Bachelor's Degree or Higher, Age 25+ 32.5%

Computer and Internet use

Households with a computer 95.7%

Households with a broadband Internet subscription 89.8%

Language

English is Second Language, Age 5+ 4.5%

English is First Language, Age 5+ 95.5%

Veterans

Veterans 8,134

Income

Per Capita Income $40,483

Median Household Income $75,766

People in Poverty 11.7%

Commute

Average Work Commute Time 25 minutes

Housing

Total Housing Units 71,416

Households 65,249

Average Household Size 2.37

Owner-Occupied 70.1%

Multi-Family 22.1%

Owner-Occupied Median Value $227,000

Median selected monthly owner costs -with a mortgage $1,578

Median selected monthly owner costs -without a mortgage $611

Median gross rent $1,064

Building Permits

New Private Housing Issued 2024 200

Years at Residence

1 Year or More 87.0%

Less Than 1 Year 13.0%

Business and Employment

Private non-farm Establishments 3,051

Private non-farm Employment 48,660

Private non-farm Employment Growth down 0.1%

Nonemployer Establishments 11,742

Number of Firms 2,004

Business Production

Value of Shipments $3,414,065,000

Wholesale Trade $2,552,575,000

Retail Trade $2,382,688,000

Retail Sales Per Capita $12,043

Accommodation and Food Services $268,582,000

Land

Land Area 487.38 sq. miles

Population Per Square Mile 332

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 480.22 per month $431.54 Principal & Interest $23.92 Property Tax $24.76 Homeowner's Insurance

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Lovers LaneRavenna, OH 44266