2275 Locust StCanal Fulton, OH 44614

Property Details for 2275 Locust St

Year built

1982

Construction

BRICK

Lot size

4.88 AC

Property size (Sq ft)

33,112 SF

Property type

Grocery and convenience stores

APN

95-01978

APU

9501978

Description

This exceptional 1.63-acre parcel located at 2275 Locust Street in Stark County presents a unique opportunity for retail development. The property is designated for single-tenant occupancy, offering flexibility for a variety of commercial uses. The expansive lot size provides ample space for building construction and potential future expansion. The "as-is" condition of the land allows for complete customization to meet specific business needs and design preferences. This prime location offers excellent visibility and accessibility, making it an ideal site for attracting customers. The property's zoning and permitted uses should be independently verified. Serious inquiries are encouraged to explore the possibilities of this strategically located retail land. Given the size and location, this property is well-suited for a variety of retail businesses seeking a prominent presence in a thriving area. The absence of an existing structure allows for a completely new build, ensuring the development aligns perfectly with the tenant's vision. Prospective tenants should conduct their own due diligence regarding zoning regulations, building codes, and environmental considerations. This is a rare opportunity to acquire a substantial parcel of land in a desirable location, ready for immediate development. The property's potential for high returns makes it an attractive investment for discerning buyers. Contact us today to schedule a site visit and discuss your development plans. The information provided is believed to be accurate but should be independently verified.

• CAP approach

  CAP return

  Valuation

  6%

  $7,398,370

  6.5%

  $6,829,270

  7%

  $6,341,460

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,221,190

  Geo Method

  $3,221,190

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $13,532,600

  Mixed-Use / Specialty

  $6,718,110

  Hospitality / Lodging

  $4,815,840

  Office

  $6,587,780

  Institutional / Educational

  $6,953,100

  Residential Income

  $8,135,130

  Multifamily

  $10,238,100

  Automotive / Energy

  $5,959,800

  Parking / Income-Based Land

  $2,142,420

  Restaurant / Food Service

  $3,308,870

  Healthcare / Senior Housing

  $6,978,320

Location Insight

City

Canal Fulton

County

Stark

State

Ohio

Latitude

40.8819

Longitude

-81.5702

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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