407 High AveCanton, OH 44707

Property Details for 407 High Ave

Year built

1984

Construction

BRICK

Lot size

0.46 AC

Property size (Sq ft)

2,485 SF

Property type

Office properties

Property subtype

Other office properties

APN

02-46962

APU

246962

Description

This exceptional 10,056-square-foot freestanding commercial building, situated on a 0.79-acre lot in Canton, Ohio, presents a unique investment opportunity. The property, located at 407 High Avenue SW, boasts a versatile layout suitable for retail and industrial uses, reflecting its B-3 zoning. Built in 1984, the building features a warehouse area with a 10-foot overhead door, plus a separate garage equipped with three 8-foot and one 10-foot overhead doors. A fenced side yard enhances security and functionality. The retail space includes a bar, complete with a D5 liquor license, and central air conditioning. The property's substantial size, encompassing six parcels (APN numbers 246962, 213927, 203663, 205600, 226933, and 226932), offers significant potential for expansion or redevelopment. The asking price is $249,000, and annual property taxes are $4,890. This property is currently vacant and ready for immediate occupancy. Its prime location and flexible zoning make it an ideal choice for a variety of businesses. The previous use included retail and warehouse storage.

• CAP approach

  CAP return

  Valuation

  6%

  $472,590

  6.5%

  $436,237

  7%

  $405,077

• Comparable approach

  Method

  Valuation

  Relative Method

  $232,447

  Geo Method

  $232,447

• Alternative Use

  Use

  Valuation

  Residential

  $540,934

  Hospitality

  $495,493

  Educational

  $412,244

  Medical

  $426,422

  Retail

  $641,268

Location Insight

City

Canton

County

Stark

State

Ohio

Latitude

40.7973

Longitude

-81.3813

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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