525 Main StCanfield, OH 44406

Property Details for 525 Main St

Year built

1999

Lot size

8.42 AC

Property size (Sq ft)

56,432 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

28-028-0-081.00-0

APU

280280081000

Description

Colonial Plaza, located at 525 E Main St, Canfield, OH 44406, presents a fantastic opportunity for retail businesses seeking established presence in Mahoning County. This multi-tenant retail property boasts a total of 94,449 square feet, offering a vibrant and bustling commercial environment. Currently, two retail spaces are available, each ranging in size from approximately 1,436 to 1,500 square feet, providing flexibility for various business needs. The property's prime location on East Main Street ensures high visibility and accessibility for customers. With a total of 3,437 square feet currently vacant, this presents a unique chance to establish or expand your business within a thriving commercial center. The property's classification as both commercial and retail makes it ideal for a wide range of businesses, including salons. The building's substantial size and multiple tenancy indicate a strong and established commercial presence in the area. This is an exceptional opportunity to secure retail space in a desirable location with excellent visibility and access. The property is situated in Canfield, Ohio, within Mahoning County, offering a convenient and attractive location for businesses and customers alike. Interested parties are encouraged to inquire further to explore the possibilities of establishing their business within this thriving commercial center.

• CAP approach

  CAP return

  Valuation

  6%

  $15,776,151

  6.5%

  $14,562,601

  7%

  $13,522,416

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,302,196

  Geo Method

  $13,302,196

• Alternative Use

  Use

  Valuation

  Residential

  $12,284,099

  Hospitality

  $11,252,169

  Educational

  $9,361,672

  Medical

  $9,683,635

  Retail

  $14,562,601

Location Insight

City

Canfield

County

Mahoning

State

Ohio

Latitude

41.0236

Longitude

-80.7474

CBSA code

49660

CBSA name

YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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