101 Canal StNavarre, OH 44662

Property Details for 101 Canal St

Year built

1853

Construction

BRICK

Lot size

0.08 AC

Property size (Sq ft)

3,900 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

12-01198

APU

1201198

Description

This 850-square-foot commercial space, located at 101 W Canal Street Suite A, Navarre, OH 44662, presents a fantastic opportunity for a variety of businesses. Situated in Navarre's Rochester Square, this single-tenant property boasts a high-traffic corner location at the intersection of Canal Street and Navarre Road. The open layout is ideal for retail use or can be easily adapted into office space. The space includes a half bath, a wall air conditioning unit, and access to half of the basement for convenient storage. Utilities (gas and electric) are the tenant's responsibility. Lease terms are available for 12 to 24 months. A non-refundable application fee of $35 is required, along with a security deposit equal to one month's rent. Applicants must undergo a background check for evictions and criminal history, and demonstrate a net income at least three times the monthly rent amount with verifiable proof of income. This property is perfect for a salon, barbershop, or other similar businesses seeking a vibrant and accessible location in Navarre, Ohio.

• CAP approach

  CAP return

  Valuation

  6%

  $741,691

  6.5%

  $684,638

  7%

  $635,735

• Comparable approach

  Method

  Valuation

  Relative Method

  $364,806

  Geo Method

  $364,806

• Alternative Use

  Use

  Valuation

  Residential

  $848,951

  Hospitality

  $777,634

  Educational

  $646,983

  Medical

  $669,233

  Retail

  $1,006,417

Location Insight

City

Navarre

County

Stark

State

Ohio

Latitude

40.7206

Longitude

-81.5278

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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