1020 Market AveCanton, OH 44704

  • Office properties
  • 106,875 SF
For Lease

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
Property subtype
Other 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
1020 Market Ave, Canton, Ohio

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

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
$5,796
$82,990
$2,376,920
$2,459,910
-
$237,100
$6,791,200
$7,028,300

FAQs

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