846 Market AveCanton, OH 44702

Property Details for 846 Market Ave

Year built

1977

Construction

BRICK

Lot size

1.02 AC

Property size (Sq ft)

2,917 SF

Property type

Grocery and convenience stores

APN

02-41440

APU

241440

Description

This thriving 2,800 square foot bar and restaurant, located at 846 Market Ave S in Canton, Ohio (zip code 44702), is offered for sale at $245,000. The property boasts a gross lease with a single tenant currently enjoying 100% occupancy with one year remaining on the lease. The space is ideally situated in the heart of downtown Canton, benefiting from high visibility and foot traffic. Its proximity to the Hercules Apartments and the New Market St Roundabout Project ensures consistent customer flow. The sale includes all existing kitchen equipment, making this a turnkey opportunity for a new owner. The property offers easy access to major roadways, including US Route 30 (38,388 vehicles per day) and I-77 (90,732 vehicles per day), further enhancing its appeal. With ample parking (35+ spots), this established business presents a compelling investment opportunity in a vibrant and growing downtown area surrounded by other local businesses. This is a rare chance to acquire a well-established, profitable business in a prime Canton location.

• CAP approach

  CAP return

  Valuation

  6%

  $815,478

  6.5%

  $752,749

  7%

  $698,981

• Comparable approach

  Method

  Valuation

  Relative Method

  $687,598

  Geo Method

  $687,598

• Alternative Use

  Use

  Valuation

  Residential

  $634,972

  Hospitality

  $581,631

  Educational

  $483,910

  Medical

  $500,552

  Retail

  $752,749

Location Insight

City

Canton

County

Stark

State

Ohio

Latitude

40.7921

Longitude

-81.3768

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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