1020 Market AveCanton, OH 44704
- Office properties
- 106,875 SF
Property Details for 1020 Market Ave
- Year built
- 1982
- Construction
- FRAME
- Lot size
- 9.27 AC
- Property size (Sq ft)
- 106,875 SF
- Property type
- Office properties
- APN
- 10-007992
- APU
- 10007992
Description
This exceptional 9.27-acre lot presents a unique investment opportunity in Canton, Ohio. Located at the highly visible, signalized intersection of Market Avenue N and 9th Street NE, this property offers unparalleled exposure. The existing building, a two-story Class B structure built in 1954, totals 1 square foot and sits on approximately 1 acre of the total land. The remaining acreage provides significant development potential. The property is zoned B-5, allowing for a variety of commercial uses. Its prime downtown location places it directly across from the Canton Memorial Civic Center and the Cultural Center for the Arts, ensuring high foot traffic and visibility. This property is situated within an Opportunity Zone, offering potential tax advantages for qualified investors. The property's address is 1020 Market Ave N, Canton, OH 44704, with the APN 10007992 in Stark County. The property is currently available for sale or lease, presenting a flexible option for prospective buyers or tenants seeking a strategic location in a thriving urban environment. The multiple tenancy allows for diverse business opportunities. This is a rare chance to acquire a significant piece of Canton's commercial landscape.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $20,325,180
- 6.5%
- $18,761,706
- 7%
- $17,421,584
-
Comparable approach
- Method
- Valuation
- Relative Method
- $9,997,088
- Geo Method
- $9,997,088
-
Alternative Use
- Use
- Valuation
- Residential
- $23,264,514
- Hospitality
- $21,310,170
- Educational
- $17,729,812
- Medical
- $18,339,566
- Retail
- $27,579,706
Location Insight
- City
- Canton
- County
- Stark
- State
- Ohio
- Latitude
- 40.8063
- Longitude
- -81.3715
- CBSA code
- 15940
- CBSA name
- CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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