1262 Maryland AveCanton, OH 44710

Property Details for 1262 Maryland Ave

Year built

1926

Construction

BRICK

Lot size

0.21 AC

Property size (Sq ft)

7,180 SF

Property type

Office properties

Property subtype

Other office properties

APN

02-36176

APU

236176

Description

This exceptional business opportunity presents a 0.21-acre corner lot at 1262 Maryland Avenue SW in Canton, Ohio, priced at $83,000. The property boasts a building with an excellent exterior condition, requiring interior reconstruction. This presents a unique chance for a buyer to customize the space to their exact specifications. The substantial back lot is fully enclosed by a secure, seven-foot-high fence featuring a sliding gate, offering both privacy and security. The property's corner location provides excellent visibility and accessibility. While the building's interior needs renovation, the solid exterior and secure lot represent a strong foundation for a variety of commercial ventures. The property is currently without activated utilities. This is an ideal investment for an entrepreneur or business owner seeking a project with significant upside potential. The location in Canton offers access to a diverse market and established infrastructure. Serious inquiries are encouraged to explore the possibilities this property offers. The existing structure provides a solid base for a complete transformation, allowing for the creation of a modern and functional commercial space tailored to the needs of the new owner. The secure lot and prime location combine to create a compelling opportunity for a savvy investor. Act quickly to secure this promising Canton commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,365,472

  6.5%

  $1,260,436

  7%

  $1,170,404

• Comparable approach

  Method

  Valuation

  Relative Method

  $671,617

  Geo Method

  $671,617

• Alternative Use

  Use

  Valuation

  Residential

  $1,562,940

  Hospitality

  $1,431,645

  Educational

  $1,191,112

  Medical

  $1,232,076

  Retail

  $1,852,840

Location Insight

City

Canton

County

Stark

State

Ohio

Latitude

40.7884

Longitude

-81.4102

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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