219 3Rd StCanton, OH 44702

Property Details for 219 3Rd St

Year built

1936

Construction

FRAME

Lot size

0.11 AC

Property size (Sq ft)

13,662 SF

Property type

Retail space

APN

02-47824

APU

247824

Description

This exceptional retail property, located at 219 3rd Street NW in Canton, Ohio, presents a unique investment opportunity. The building, formerly home to Gasser Jewelers, boasts a substantial 9,108 square feet of space distributed across two floors. The main floor offers a flexible, open floor plan with multiple points of entry, ideal for a variety of retail uses. Its high ceilings and expansive layout provide ample room for creative merchandising and customer flow. The second floor, equally spacious, offers versatile space perfect for office areas, storage, or additional retail display. The building's prime location directly adjacent to Centennial Plaza ensures high visibility and foot traffic, maximizing exposure to potential customers. The 0.11-acre lot provides ample space for potential expansion or outdoor amenities. This landmark property is ready for a new owner to revitalize and capitalize on its significant potential within the vibrant Canton community. The building's historical character combined with its modern adaptability makes it an exceptional investment opportunity for discerning buyers seeking a high-impact commercial space in a desirable location. The asking price is $350,000. This is a rare chance to acquire a marque property in a thriving area of Canton.

• CAP approach

  CAP return

  Valuation

  6%

  $3,052,570

  6.5%

  $2,817,750

  7%

  $2,616,490

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,329,060

  Geo Method

  $1,329,060

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,583,530

  Mixed-Use / Specialty

  $2,771,890

  Hospitality / Lodging

  $1,987,010

  Office

  $2,718,120

  Institutional / Educational

  $2,868,850

  Residential Income

  $3,356,550

  Multifamily

  $4,224,230

  Automotive / Energy

  $2,459,010

  Parking / Income-Based Land

  $883,962

  Restaurant / Food Service

  $1,365,240

  Healthcare / Senior Housing

  $2,879,250

Location Insight

City

Canton

County

Stark

State

Ohio

Latitude

40.8002

Longitude

-81.3754

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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