2627 Waynesburg DrCanton, OH 44707

Property Details for 2627 Waynesburg Dr

Year built

1930

Construction

FRAME

Lot size

0.40 AC

Property size (Sq ft)

4,602 SF

Property type

Retail properties

Property subtype

Auto shops

APN

13-07022

APU

1307022

Description

This exceptional mixed-use property, located at 2627 Waynesburg Drive SE in Canton, OH, presents a lucrative investment opportunity. The 4,602 square foot, all-brick building sits on a 0.4-acre lot and boasts a completely renovated first-floor retail space and a fully updated second-floor apartment. Recent improvements include new plumbing, electrical systems, drywall, flooring, and lighting throughout. Two new furnaces and a hot water heater ensure efficient and reliable operation. The retail space features two spacious showrooms, a dedicated office, and a half-bathroom, providing ample space for a variety of businesses. The attached, tandem one-car garage offers convenient parking. Upstairs, the apartment offers three bedrooms, a living room, a completely updated kitchen and bathroom, and a large back deck accessible from the kitchen. A separate entrance ensures privacy for apartment residents. The property also includes a recently repaved parking lot, a fenced-in rear parking area, and ample parking in the front. This turnkey property is priced at $209,900 and offers immediate income potential. The combination of updated spaces and convenient features makes this an attractive investment for both seasoned and new investors.

• CAP approach

  CAP return

  Valuation

  6%

  $1,286,537

  6.5%

  $1,187,572

  7%

  $1,102,746

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,084,787

  Geo Method

  $1,084,787

• Alternative Use

  Use

  Valuation

  Residential

  $1,001,762

  Hospitality

  $917,608

  Educational

  $763,439

  Medical

  $789,695

  Retail

  $1,187,572

Location Insight

City

Canton

County

Stark

State

Ohio

Latitude

40.7674

Longitude

-81.3363

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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