4042 Cleveland AveCanton, OH 44707
- Retail properties
- 10,886 SF
Property Details for 4042 Cleveland Ave
- Year built
- 2015
- Construction
- FRAME
- Lot size
- 2.31 AC
- Property size (Sq ft)
- 10,886 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 10-007056
- APU
- 10007056
Description
This exceptional Class A retail property, located at 4042 Cleveland Ave SW in Canton, Ohio, presents a unique investment opportunity. The 11,115 square foot freestanding building sits on a 2.31-acre lot and enjoys a highly desirable location, serving as a gateway to the town and situated directly across from the high school. Its previous use as a Rite Aid pharmacy provides a strong foundation for a variety of retail or office uses. The building is currently vacant, offering immediate occupancy for a new tenant. The property's single-tenancy structure simplifies management and provides a clear, straightforward investment. The address is 4042 Cleveland Ave SW, Canton, OH 44707, with a convenient cross street of Faircrest St SW. The property's size and location make it ideal for a wide range of businesses seeking high visibility and accessibility. This is a rare opportunity to acquire a substantial, well-located commercial property in a thriving community. The property's classification as Class A signifies its high-quality construction and features. The ample lot size offers potential for expansion or additional development. Don't miss this chance to secure a prime commercial space in a high-traffic area.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,043,294
- 6.5%
- $2,809,195
- 7%
- $2,608,538
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,566,057
- Geo Method
- $2,566,057
-
Alternative Use
- Use
- Valuation
- Residential
- $2,369,661
- Hospitality
- $2,170,596
- Educational
- $1,805,911
- Medical
- $1,868,019
- Retail
- $2,809,195
Location Insight
- City
- Canton
- County
- Stark
- State
- Ohio
- Latitude
- 40.7507
- Longitude
- -81.3737
- CBSA code
- 15940
- CBSA name
- CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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