129 Lincoln WayMassillon, OH 44647

Property Details for 129 Lincoln Way

Year built

1910

Construction

FRAME

Lot size

0.08 AC

Property size (Sq ft)

10,500 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

06-04021

APU

604021

Description

This exceptional 0.22-acre commercial lot presents a unique investment opportunity in the heart of Downtown Massillon, Stark County. Zoned for retail use, this property is ideally suited for a variety of commercial ventures, including restaurants. The site offers significant potential for development, with the flexibility to pursue either a ground lease or a build-to-suit arrangement, catering to the specific needs of prospective tenants or developers. Its central location within the vibrant Downtown Massillon submarket ensures high visibility and accessibility, attracting a substantial customer base. The single-tenant nature of the property simplifies management and operational efficiency. This is a rare chance to acquire a strategically positioned parcel in a thriving commercial district, offering substantial returns on investment. The property is designated as retail, land, and restaurant use, providing versatility for various business models. The land is ready for immediate development, making it an attractive option for businesses seeking a quick and efficient entry into the Massillon market. This prime location offers excellent exposure to pedestrian and vehicular traffic, maximizing the potential for business success. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial property. The property's single-tenant designation simplifies management and operational efficiency, making it an attractive option for both investors and developers. The flexibility of a ground lease or build-to-suit option allows for customized development to meet specific business requirements.

• CAP approach

  CAP return

  Valuation

  6%

  $1,996,860

  6.5%

  $1,843,255

  7%

  $1,711,594

• Comparable approach

  Method

  Valuation

  Relative Method

  $982,170

  Geo Method

  $982,170

• Alternative Use

  Use

  Valuation

  Residential

  $2,285,636

  Hospitality

  $2,093,631

  Educational

  $1,741,876

  Medical

  $1,801,782

  Retail

  $2,709,585

Location Insight

City

Massillon

County

Stark

State

Ohio

Latitude

40.7957

Longitude

-81.5245

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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