12388 Cleveland AveUniontown, OH 44685

  • Commercial land
  • 8.56 AC
For Sale
$590,000 View listing

Property Details for 12388 Cleveland Ave

Lot size
8.56 AC
Property type
Commercial land
APN
22-05105
APU
2205105

Description

This exceptional 5,998 square foot office building is situated on a highly visible 1.1-acre lot on Cleveland Avenue NW in Uniontown, OH. Boasting 107 feet of frontage, it benefits from nearly 10,000 cars passing daily. The C1 zoning provides flexibility. The building features three full levels, each with its own private entrance, offering significant rental potential. A portion is currently leased long-term. The main level includes a two-story foyer, reception desk, two large conference rooms, a waiting room, a grand office with a fireplace, a front office, and ample filing/storage/technology space. The upper level offers five office spaces, a reception hall, and additional filing/storage/technology space. The garden level comprises three offices, two entrance halls, a meeting area, storage, a breakroom, two half baths, and three utility areas. The building showcases beautiful details such as natural woodwork, wood-paneled walls, hardwood flooring, and abundant natural light from bright windows. Renovated in 1991, it features updated electrical, two furnaces, and newer zoned central air. Recent improvements include a 2023 parking lot and landscaping update. The roof, installed with 25-year shingles, is less than 10 years old. With full occupancy, this property projects an 11%+ capitalization rate, making it ideal for businesses seeking a Lake Township presence or investors targeting strong returns and future growth.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $81,167,088
    Hospitality
    $74,348,616
    Educational
    $61,857,176
    Medical
    $63,984,540
    Retail
    $96,222,272

Location Insight

City
Uniontown
County
Stark
State
Ohio
Latitude
40.9658
Longitude
-81.4047
CBSA code
15940
CBSA name
CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,273
$31,750
-
$31,750
-
$90,700
-
$90,700

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