814 Cleveland AveCanton, OH 44702

Property Details for 814 Cleveland Ave

Year built

1928

Construction

FRAME

Lot size

0.16 AC

Property size (Sq ft)

6,156 SF

Property type

Retail properties

Property subtype

Retail space

APN

02-29542

APU

229542

Description

This exceptional 6,156-square-foot commercial property, located at 814 Cleveland Ave NW, Canton, Ohio 44702, presents a unique investment opportunity. The building, situated on a 0.161-acre lot and zoned B-5, offers a versatile blend of retail and warehouse space. The first floor features a storefront showroom, two generously sized work areas, a convenient break room, and two half-bathrooms. The showroom boasts 11-foot ceilings, while the work areas and break room offer 12-foot ceilings. A Reznor heater and a double rear door enhance functionality. Upstairs, the second floor provides additional space with two large work areas and impressive 13-foot ceilings. Parking is readily available in the rear of the building, supplemented by street parking on Cleveland Avenue. This property is also available for sale, with seller financing an option for qualified buyers. The motivated seller makes this an attractive proposition for both investors and owner-occupiers. The property's central business location and flexible zoning make it ideal for a variety of uses. Triple Net (NNN) lease terms apply. Parcel Number: 229542. Cross Street: 8th St. NW.

• CAP approach

  CAP return

  Valuation

  6%

  $1,720,974

  6.5%

  $1,588,591

  7%

  $1,475,120

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,451,097

  Geo Method

  $1,451,097

• Alternative Use

  Use

  Valuation

  Residential

  $1,340,036

  Hospitality

  $1,227,466

  Educational

  $1,021,237

  Medical

  $1,056,359

  Retail

  $1,588,591

Location Insight

City

Canton

County

Stark

State

Ohio

Latitude

40.8046

Longitude

-81.3741

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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