7079 Whipple AveNorth Canton, OH 44720

Property Details for 7079 Whipple Ave

Year built

1997

Construction

BRICK

Lot size

1.44 AC

Property size (Sq ft)

4,477 SF

Property type

Auto shops

APN

16-21738

APU

1621738

Description

This exceptional investment opportunity presents a 4,477 square foot auto shop situated on a 2.75-acre lot in North Canton, Ohio. The property, located at 7079 Whipple Ave NW, boasts a Class C building constructed in 1997 and currently leased for $6,000 per month, generating a strong return on investment. The asking price is $1,250,000, translating to $279.20 per square foot. The property is zoned I1, permitting a wide range of industrial and commercial uses, offering significant flexibility for future development or continued operation as an auto shop. Its prime location in Stark County provides easy access to major transportation routes, enhancing logistical efficiency. This multi-tenant property represents a secure and profitable venture for investors seeking a stable income stream and potential for appreciation in a thriving industrial area. The ample lot size allows for potential expansion or future development. This is a rare opportunity to acquire a well-located, income-producing industrial property in a desirable Ohio market. The property's APN is 1621738. This is a net lease investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,251,592

  6.5%

  $1,155,316

  7%

  $1,072,793

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,055,322

  Geo Method

  $1,055,322

• Alternative Use

  Use

  Valuation

  Residential

  $974,552

  Hospitality

  $892,684

  Educational

  $742,703

  Medical

  $768,246

  Retail

  $1,155,316

Location Insight

City

North Canton

County

Stark

State

Ohio

Latitude

40.884

Longitude

-81.4239

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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