619 Tremont AveMassillon, OH 44647

Property Details for 619 Tremont Ave

Year built

1915

Construction

BRICK

Lot size

0.35 AC

Property size (Sq ft)

11,382 SF

Property type

Office properties

Property subtype

Other office properties

APN

06-80169

APU

680169

Description

This 7,800+/- square foot commercial building, formerly occupied by "The Twelve Inc.", presents a unique investment opportunity. Located at 619 Tremont Avenue SW in Massillon, Ohio, this property offers a versatile layout suitable for a variety of commercial uses. The building features a mix of office spaces, retail space, and executive suites, complemented by a convenient paved parking lot. The main level includes a reception area, offices, kitchenette, storage, an elevator, and stair access to the second floor. The second floor boasts additional offices, a large executive suite, and a conference room. The property is zoned B-1 and enjoys excellent visibility and accessibility, situated off Tremont Avenue near the Viaduct, with close proximity to OH-21 and US-30. This turnkey property is being offered via an absolute auction with both online and on-site bidding options. Online bidding begins Monday, January 27, 2025, at 12:00 PM, with live on-site bidding commencing Friday, January 31, 2025, at 12:30 PM. An open viewing is scheduled for January 27, 2025, from 3:00 PM to 4:30 PM. The Stark County parcel number is 680169, and the half-year property taxes are $929.00. Financing options are available to qualified bidders. This is a truly exceptional opportunity to acquire a substantial commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,164,596

  6.5%

  $1,998,089

  7%

  $1,855,368

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,064,672

  Geo Method

  $1,064,672

• Alternative Use

  Use

  Valuation

  Residential

  $2,477,630

  Hospitality

  $2,269,496

  Educational

  $1,888,194

  Medical

  $1,953,132

  Retail

  $2,937,190

Location Insight

City

Massillon

County

Stark

State

Ohio

Latitude

40.7922

Longitude

-81.5303

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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