201 2Nd StCanton, OH 44702

Property Details for 201 2Nd St

Year built

1925

Construction

FRAME

Lot size

0.06 AC

Property size (Sq ft)

7,200 SF

Property type

Office properties

APN

02-48003

APU

248003

Description

This exceptional 7,200 square foot commercial space, located in Stark County's Bechel & Dumoulin Building, presents a unique opportunity for a variety of businesses. The property is a three-story brick building boasting attractive brickwork and recently updated electrical service. Currently entirely vacant, the space is completely gutted and ready for immediate tenant improvements, offering a blank canvas for your ideal design. Each floor comprises approximately 2,400 square feet, allowing for flexibility in layout and configuration to suit diverse needs. Whether you require a traditional office, creative workspace, executive suite, coworking environment, or medical office, this adaptable space can be tailored to your specific requirements. The building offers a single tenancy, providing privacy and control. The monthly rent is $600 per floor, with utilities billed separately. This prime location in downtown Canton offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in a thriving community. The building's solid structure and modern electrical system provide a strong foundation for long-term success. Don't miss this chance to secure this versatile and well-positioned commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,369,275

  6.5%

  $1,263,946

  7%

  $1,173,665

• Comparable approach

  Method

  Valuation

  Relative Method

  $673,488

  Geo Method

  $673,488

• Alternative Use

  Use

  Valuation

  Residential

  $1,567,294

  Hospitality

  $1,435,632

  Educational

  $1,194,429

  Medical

  $1,235,508

  Retail

  $1,858,001

Location Insight

City

Canton

County

Stark

State

Ohio

Latitude

40.7992

Longitude

-81.3734

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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