832 Mckinley AveCanton, OH 44703

Property Details for 832 Mckinley Ave

Year built

1968

Construction

FRAME

Lot size

1.15 AC

Property size (Sq ft)

21,616 SF

Property type

Medical offices

Property subtype

Medical centers

APN

02-47787

APU

247787

Description

This exceptional two-story medical office building, located at 832 McKinley Ave NW in Canton, Ohio, presents a compelling investment opportunity. The property boasts a total of 21,440 square feet of space, ideally suited for multiple tenants. Its convenient location in the heart of Downtown Canton ensures high visibility and accessibility. The building features ample parking, a significant advantage in a bustling urban setting. The property is classified as a multi-tenant office building, offering flexibility for various medical practices or related businesses. The building's two stories provide ample space for expansion or division among tenants. The presence of elevators ensures convenient access to all floors. Situated in Stark County, Ohio, with a zip code of 44703, this property benefits from a strategic location within a thriving community. The building's approximately 4,000 square foot units offer a range of possibilities for medical professionals seeking established office space in a prime downtown location. This property offers a unique blend of convenience, size, and location, making it an attractive option for investors and medical professionals alike. The building's solid construction and well-maintained condition further enhance its appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $4,110,869

  6.5%

  $3,794,648

  7%

  $3,523,602

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,021,961

  Geo Method

  $2,021,961

• Alternative Use

  Use

  Valuation

  Residential

  $4,705,364

  Hospitality

  $4,310,088

  Educational

  $3,585,942

  Medical

  $3,709,268

  Retail

  $5,578,133

Location Insight

City

Canton

County

Stark

State

Ohio

Latitude

40.8052

Longitude

-81.3757

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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