242 Lincoln WayMassillon, OH 44647

Property Details for 242 Lincoln Way

Year built

2001

Construction

FRAME

Lot size

1.14 AC

Property size (Sq ft)

10,855 SF

Property type

Retail properties

Property subtype

Retail space

APN

06-16481

APU

616481

Description

This exceptional 10,902-square-foot retail space, situated on a 1.14-acre lot in Stark County, Ohio, presents a remarkable opportunity for lease or ground lease. Built in 2001, this single-story building boasts 65 parking spaces, ensuring ample convenience for customers. The property enjoys a highly visible corner location at the signalized intersection of Lincoln Way West and 3rd Street, benefiting from exceptional traffic flow exceeding 20,000 vehicles per day. Prominent pylon signage is available on both Lincoln Way and 3rd Street, offering excellent highway visibility and brand exposure. This strategic location is surrounded by a thriving mix of established businesses, including national chains such as Chipotle, Dunkin' Donuts, McDonald's, Buffalo Wild Wings, Walgreens, First Commonwealth Bank, Farmer's National Bank, T-Mobile, Verizon, and Dollar Tree, creating a strong synergy and high foot traffic. The property's address is further identifiable by its proximity to Lincoln Way West, Tommy Henrich Drive, and Federal Avenue NW, and its APN is 616481. This turnkey retail space is ready for immediate occupancy and offers significant potential for a variety of retail uses. The property's size, location, and visibility make it an ideal investment for businesses seeking high exposure and strong customer accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $3,034,628

  6.5%

  $2,801,195

  7%

  $2,601,110

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,558,749

  Geo Method

  $2,558,749

• Alternative Use

  Use

  Valuation

  Residential

  $2,362,913

  Hospitality

  $2,164,416

  Educational

  $1,800,768

  Medical

  $1,862,699

  Retail

  $2,801,195

Location Insight

City

Massillon

County

Stark

State

Ohio

Latitude

40.796

Longitude

-81.5265

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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