Updated Mixed-Use Building For
2627 Waynesburg Dr SE, Canton, OH
For Sale
Contact for pricing
Mixed-use building with updated retail and office spaces.
Property Size4,602 SF
Lot Size0.40 Acres
Price / SF$38.01
Days on Market800
Property Features for 2627 Waynesburg Dr SE
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
Cutler Real Estate | Commercial
(330) 492-5550
Listed By:
Mike Boylan · License #443636
(330) 704-5945
Source:
Moodyscre
Added: Aug 30, 2024
Changed: Aug 8
Last Checked: Jul 25 at 9:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cutler Real Estate | Commercial
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Investment Insights
Based on property information with market context.
This mixed-use, all-brick building is situated on a 0.40-acre lot. The property features a completely updated first-floor retail space and second-floor offices. Updates include plumbing, electrical systems, drywall, flooring, lighting, two new furnaces, and a hot water heater. The second-floor office updates include a completely updated kitchen and bathroom. The retail space comprises two showrooms, an office, and a half bathroom. A one-car attached, tandem garage is included. The second-floor office space features four rooms, a kitchen, and a bathroom, along with a spacious back deck accessible from the kitchen. The second-floor office space has a separate entrance from the retail space. The parking lot has been repaved. A fenced-in parking area is located at the back of the building, and ample parking is available in the front. The building has a total size of 4602 square feet.
Key Highlights
- Seller financing available.
- Mixed‑use property with updated retail and office spaces.
- Separate entrances for retail and office spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,405
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,100
$308.1K
Cap Rate 7%
$220,071
$220.1K
Cap Rate 9%
$171,167
$171.2K
Market Conditions
NOI Build-Up for 4,602 SF
Gross rent
$27.0K $5.86/SF
− Vacancy
−$2.3K −$0.50/SF
EGI
$24.6K $5.36/SF
− OpEx
−$9.2K −$2.01/SF
NOI
$15.4K $3.35/SF
Area
Stark County, OH
Vacancy
8.60%
Lease Rate
$5.86 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,100
Cap Rate 7%
$220,071
Cap Rate 9%
$171,167
Alternative Uses
Best Use
Retail
$1.20M
$1.05M – $1.40M
NOI $84,108 @ 7.0% cap · market cap 48.09%
Second Best
Office B
$794.3K
$695.1K – $926.7K
NOI $55,604 @ 7.0% cap · market cap 31.79%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
22
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Market
Average Price Trend$/SF for Mixed-use properties in Stark County, OH
Properties on Market for Mixed-use properties in Stark County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with updated retail and office spaces.
Where is this mixed-use property located?
The property is located at 2627 Waynesburg Dr SE Canton, OH.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Seller financing available.; Mixed‑use property with updated retail and office spaces.; Separate entrances for retail and office spaces.
