1 Main StNavarre, OH 44662

Property Details for 1 Main St

Year built

2007

Construction

BRICK

Lot size

0.22 AC

Property size (Sq ft)

4,224 SF

Property type

Retail properties

Property subtype

Strip malls

APN

12-00497

APU

1200497

Description

This exceptional retail property, located at 1 Main Street N in the heart of historic downtown Navarre, Ohio, presents a compelling investment opportunity. The all-brick strip plaza boasts a total of 4,233 square feet of retail space, strategically situated on a 0.22-acre lot at the highly visible corner of Route 21 (N. Main St) and Route 62 (Canal St. W). The plaza is comprised of three identical units, each measuring 1,208 square feet. Currently, two of these units are occupied by established tenants, generating consistent rental income. The third unit is available for immediate occupancy, offering a blank canvas for a new business venture. Its previous use as a pizza shop suggests a variety of potential food service or retail applications. The property's prime location within the bustling downtown area ensures high foot traffic and excellent visibility, making it an ideal investment for both seasoned investors and new market entrants. The asking price for this well-maintained, high-traffic retail center is $404,900. This represents a significant opportunity to acquire a profitable retail property in a thriving Ohio community. The property's strong location and existing tenancy make it a low-risk, high-reward investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $1,180,863

  6.5%

  $1,090,027

  7%

  $1,012,168

• Comparable approach

  Method

  Valuation

  Relative Method

  $995,685

  Geo Method

  $995,685

• Alternative Use

  Use

  Valuation

  Residential

  $919,479

  Hospitality

  $842,238

  Educational

  $700,732

  Medical

  $724,831

  Retail

  $1,090,027

Location Insight

City

Navarre

County

Stark

State

Ohio

Latitude

40.7197

Longitude

-81.5234

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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