1425 State StAlliance, OH 44601

Property Details for 1425 State St

Year built

1968

Construction

CONCRETE

Lot size

10.51 AC

Property size (Sq ft)

62,040 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

01-13663

APU

113663

Description

This exceptional commercial land opportunity in Alliance, Ohio, encompasses 1 to 6 acres at 1425 E State St, offering versatile options for sale or lease, and potential for build-to-suit development. The property is divisible into approximately four 1.6-acre lots, providing ample space for various commercial ventures. Boasting a highly visible location with 12,519 vehicles passing daily, this site benefits from its strategic position across from College Plaza and just one mile east of the University of Mount Union. Its proximity to the Carnation City Mall redevelopment (4 miles east), Meijer, and other retailers ensures a thriving commercial environment. Zoned B-2 Thoroughfare Commercial, the property features impressive frontage: over 540 feet on E State Street and over 740 feet on S Mahoning Avenue. This makes it ideal for restaurants, coffee shops, retail establishments, and other commercial uses. The strong demographics and high traffic count make this a compelling development opportunity in a bustling area. The property's size and zoning provide flexibility for a range of commercial projects.

• CAP approach

  CAP return

  Valuation

  6%

  $17,343,926

  6.5%

  $16,009,778

  7%

  $14,866,222

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,624,118

  Geo Method

  $14,624,118

• Alternative Use

  Use

  Valuation

  Residential

  $13,504,847

  Hospitality

  $12,370,367

  Educational

  $10,292,000

  Medical

  $10,645,958

  Retail

  $16,009,778

Location Insight

City

Alliance

County

Stark

State

Ohio

Latitude

40.9005

Longitude

-81.0877

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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