2407 Columbus RdCanton, OH 44705

Property Details for 2407 Columbus Rd

Year built

1948

Construction

BRICK

Lot size

1.00 AC

Property size (Sq ft)

8,622 SF

Property type

Retail properties

Property subtype

Retail space

APN

52-01281

APU

5201281

Description

This Canton, Ohio retail storefront offers 8,622 square feet of space, ideal for a variety of uses. Located on a one-acre lot along US-62 in Plain Township, the property boasts high traffic visibility and ample parking (20 spaces). The single-story, 1948-built Class B building features a combination of office, showroom, and extensive warehouse/storage space, currently occupied at 100% capacity by a single tenant. The property is zoned for retail use and includes a gross lease type. The asking price is $350,000, translating to $40.59 per square foot. The property's APN is 05201281. This owner-user opportunity presents a strong investment potential due to its prime location and substantial warehouse space. The building's size and layout are well-suited for businesses requiring significant storage capacity in addition to retail or showroom space. The high occupancy rate demonstrates the property's desirability and potential for continued strong performance.

• CAP approach

  CAP return

  Valuation

  6%

  $2,410,370

  6.5%

  $2,224,956

  7%

  $2,066,031

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,032,385

  Geo Method

  $2,032,385

• Alternative Use

  Use

  Valuation

  Residential

  $1,876,834

  Hospitality

  $1,719,170

  Educational

  $1,430,329

  Medical

  $1,479,520

  Retail

  $2,224,956

Location Insight

City

Canton

County

Stark

State

Ohio

Latitude

40.8342

Longitude

-81.3417

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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