3656 Dressler RdCanton, OH 44718

Property Details for 3656 Dressler Rd

Year built

2002

Construction

BRICK

Lot size

1.67 AC

Property size (Sq ft)

11,221 SF

Property type

Turn key restaurants

APN

17-02613

APU

1702613

Description

This exceptional turnkey restaurant opportunity in Canton, Ohio, presents a rare chance to acquire a well-established, single-tenant property. Located at 3656 Dressler Rd NW, this Class B retail building boasts a substantial 21,797 square feet of space, situated on a generous 1.67-acre lot. Built in 2009, the single-story structure features five distinct dining areas, easily adaptable to various event sizes. The property's impressive banquet room is a highlight, complete with marble columns, a crystal chandelier, hardwood dance floor, and a raised stage. The kitchen is fully equipped with commercial-grade hoods, coolers, freezers, and ample prep areas, designed to meet the demands of a high-volume operation. Flexible room configurations, achieved through moveable wall dividers, allow for seating capacities ranging from 60 to 325 guests. The asking price for this remarkable property is $2,300,000. The property's APN is 1702613. This is a unique opportunity to acquire a fully operational restaurant with significant potential for growth and expansion in a desirable Canton location. The property's size and versatile layout make it ideal for a variety of culinary concepts. This is a prime investment opportunity in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,507,160

  6.5%

  $2,314,300

  7%

  $2,149,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,091,600

  Geo Method

  $1,091,600

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,585,920

  Mixed-Use / Specialty

  $2,276,630

  Hospitality / Lodging

  $1,631,990

  Office

  $2,232,470

  Institutional / Educational

  $2,356,270

  Residential Income

  $2,756,830

  Multifamily

  $3,469,490

  Automotive / Energy

  $2,019,660

  Parking / Income-Based Land

  $726,024

  Restaurant / Food Service

  $1,121,310

  Healthcare / Senior Housing

  $2,364,810

Location Insight

City

Canton

County

Stark

State

Ohio

Latitude

40.8345

Longitude

-81.433

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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