High-traffic location, versatile space, great potential.
Property size:
6,283 SF
Description
Added:
Feb 3, 2025
Days on Market:
312
This exceptional mixed-use property at 2326 Navarre Road SW in Canton, OH, presents a unique investment opportunity. The 6,283 square foot building sits on a 0.25-acre lot and is zoned B-4, allowing for a variety of commercial uses. The property boasts over 5,200 square feet of garage/warehouse space, ideal for automotive or industrial applications, complemented by an additional 1,000+ square feet of retail/office space. The retail/office area includes a bathroom, central air conditioning, and a full unfinished basement offering significant expansion potential. The warehouse space is efficiently heated by Resnor heaters. One section of the garage features three 10-foot overhead doors, three bays, a well-lit detail/paint booth, ample storage, and a bathroom. A second area comprises a 60' x 40' garage with a 14-foot overhead door, heating, four lifts (two 6,000 lb, one 9,000 lb, and one 12,000 lb capacity), and a new 80-gallon Ingersoll Rand compressor. Its strategic location provides easy access to major roadways including Rt. 30, Rt. 62, and I-77, ensuring high visibility and convenient transportation links. Priced at $319,900, this property offers significant return potential for savvy investors.
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2326 Navarre Rd Canton, OH 44706
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Cap approach
Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.
Comparable approach
Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.
Relative
Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.
Geo
Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels
across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
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2326 Navarre Rd Canton, OH 44706
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2326 Navarre Rd, Canton, OH
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