1225 Gross AveCanton, OH 44705

Property Details for 1225 Gross Ave

Year built

1971

Construction

WOOD

Lot size

0.49 AC

Property size (Sq ft)

7,998 SF

Property type

Office properties

Property subtype

Other office properties

APN

02-85035

APU

285035

Description

Exceptional investment opportunity: This 4,212 square foot executive office building, situated on a 0.49-acre lot at 1225 Gross Ave NE, Canton, OH 44705 (Stark County, APN 00285035), presents a compelling owner-user proposition. Built in 1971 and zoned I-1 (Light Industrial), the property boasts ample parking. The main floor features a reception area, waiting room, seven offices, a half bath, conference room, kitchen, and two restrooms. Upstairs, find five more offices, a kitchenette, and two restrooms. A finished lower level adds six additional offices and a half bath. This single-tenancy building offers significant space for a variety of executive office needs. The property's location in Canton, Ohio, provides convenient access to local amenities and transportation routes. This is a rare opportunity to acquire a well-established office building in a desirable location. The asking price is $275,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,521,037

  6.5%

  $1,404,034

  7%

  $1,303,746

• Comparable approach

  Method

  Valuation

  Relative Method

  $748,133

  Geo Method

  $748,133

• Alternative Use

  Use

  Valuation

  Residential

  $1,741,002

  Hospitality

  $1,594,748

  Educational

  $1,326,812

  Medical

  $1,372,443

  Retail

  $2,063,930

Location Insight

City

Canton

County

Stark

State

Ohio

Latitude

40.8093

Longitude

-81.3569

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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