2500 State StAlliance, OH 44601

Property Details for 2500 State St

Year built

1988

Construction

FRAME

Lot size

0.75 AC

Property size (Sq ft)

60,537 SF

Property type

Hospitality properties

Property subtype

Hotels

APN

77-00706

APU

7700706

Description

This exceptional retail leasing opportunity offers two available spaces within high-traffic Meijer stores across the Midwest. Each space provides a prime, front-of-store location ensuring unparalleled visibility and access to thousands of weekly customers. The spaces range from 525 to 1,046 contiguous square feet, with a total of 1,571 square feet currently vacant. The "Store-Within-A-Store" concept offers significant advantages, including high-traffic locations strategically placed for maximum customer interaction. A fixed monthly fee covers real estate taxes, property insurance, common area maintenance, and utilities, simplifying operational costs. Both interior and exterior signage opportunities are available for enhanced brand exposure. These spaces are situated in thriving trade areas with desirable demographics, making them ideal for a variety of businesses. Potential tenants include financial institutions, food and beverage establishments, service businesses, health and wellness providers, and more. The property is located in Stark County and is perfect for businesses seeking strong foot traffic and exposure in a well-known retail destination. The minimum divisible space is 525 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $13,076,569

  6.5%

  $12,070,679

  7%

  $11,208,487

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,307,183

  Geo Method

  $13,307,183

• Alternative Use

  Use

  Valuation

  Residential

  $13,177,674

  Hospitality

  $12,070,679

  Educational

  $10,042,663

  Medical

  $10,388,046

  Retail

  $15,621,920

Location Insight

City

Alliance

County

Stark

State

Ohio

Latitude

40.8983

Longitude

-81.1557

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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