For Sale
$2,050,000

0 30Th StCanton, OH 44705

Prime Canton retail investment, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents the Tip Top Plaza, a well-established Class B shopping center located in Canton, Ohio. Spanning 44,635 square feet across two single-story buildings, this multi-tenant property sits on a 5.63-acre lot (including an adjacent 1.46-acre parcel) and boasts a strong 85% occupancy rate. The property features a modified lease structure and currently generates a Net Operating Income (NOI) of $194,916, yielding a compelling 9.51% cap rate. Built in 1955, the property is zoned for retail use and benefits from a recently signed 5-year lease with an anchor tenant, including annual rent increases commencing October 2024. A significant portion of the property (6,900 square feet) has undergone complete renovation, featuring new flooring, paint, ceiling tiles, LED lighting, and updated bathroom fixtures, making it immediately ready for occupancy. The property's address is 30th St NE, Canton, OH 44705, and its APN is 5201851

Property Details for 0 30Th St

Property type
Lifestyle centers, Power centers
Square Feet
44,635 SF
Class
B
Year Built
1955
Buildings
2
Stories
1
Lot Size (sq. ft)
245,243 SF

Location Insight

City
Canton
County
Stark
State
Ohio
Latitude
40.83096037
Longitude
-81.36357512
30Th St, Canton, Ohio

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0 30Th St
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