3656 Dressler RdCanton, OH 44718

  • Retail properties
  • 11,221 SF
For Sale
$2,300,000 View listing

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
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,136,947
    6.5%
    $2,895,644
    7%
    $2,688,812
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,645,023
    Geo Method
    $2,645,023
  • Alternative Use

    Use
    Valuation
    Residential
    $2,442,584
    Hospitality
    $2,237,394
    Educational
    $1,861,485
    Medical
    $1,925,504
    Retail
    $2,895,644
3656 Dressler Rd, Canton, Ohio

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$57,838
$153,650
$792,230
$945,880
-
$439,000
$2,263,500
$2,702,500

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