Mixed-Use Retail and Apartment
2757 Cleveland Avenue Northwest, Canton, OH 44709
For Sale
$349,900
Mixed-use building with long-term retail tenants, an upstairs apartment, and ample parking near a highway exit.
Property Size6,304 SF
Price / SF$55.50
Days on Market564
Property Features for 2757 Cleveland Avenue Northwest
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Cap Rate
Highway Access
Multifamily Units
Building Details
Building Size
Stories
Tenancy
Listing Agency:
Hoff & Leigh Fairlawn
(330) 940-9360
Listed By:
Jeff Davis · License #2001007317
(330) 351-5202
Source:
Hoffleigh
Added: Apr 23, 2025
Changed: Oct 25
Last Checked: Sep 8 at 3:25AM
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 Hoff & Leigh Fairlawn
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Investment Insights
Based on property information with market context.
This 6,304 SF mixed-use building includes two retail tenants on the ground level with an apartment above on the second floor. The property is described as well maintained and currently fully leased, and the retail tenants have been in place for a long period of time. The building features a brand new roof, supporting a durable exterior for ongoing operations. Ample parking is also identified as part of the property.
The building is located just off a highway exit, placing it within easy reach for retail traffic and visibility from nearby roadway access. The offering includes two parcels, providing flexibility for how the site is managed and maintained.
For tenants, this configuration supports retail uses that benefit from a direct street-level presence alongside an income-producing residential unit above. For buyers and operators, the combination of long-term retail occupancy and an apartment on the upper level may appeal to those seeking a mixed-use structure in a well-kept, maintained asset with parking and a recently updated roof. Please contact the listing agents for additional details on the units and lease terms.
The building is located just off a highway exit, placing it within easy reach for retail traffic and visibility from nearby roadway access. The offering includes two parcels, providing flexibility for how the site is managed and maintained.
For tenants, this configuration supports retail uses that benefit from a direct street-level presence alongside an income-producing residential unit above. For buyers and operators, the combination of long-term retail occupancy and an apartment on the upper level may appeal to those seeking a mixed-use structure in a well-kept, maintained asset with parking and a recently updated roof. Please contact the listing agents for additional details on the units and lease terms.
Key Highlights
- 6,304 SF mixed‑use building with two retail tenants and an apartment on the second floor
- Fully leased with retail tenants who have been in the building for a long period of time
- Brand new roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,103
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,060
$422.1K
Cap Rate 7%
$301,471
$301.5K
Cap Rate 9%
$234,478
$234.5K
Market Conditions
NOI Build-Up for 6,304 SF
Gross rent
$36.9K $5.86/SF
− Vacancy
−$3.2K −$0.50/SF
EGI
$33.8K $5.36/SF
− OpEx
−$12.7K −$2.01/SF
NOI
$21.1K $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%
$422,060
Cap Rate 7%
$301,471
Cap Rate 9%
$234,478
Alternative Uses
Best Use
Retail
$1.65M
$1.44M – $1.92M
NOI $115,214 @ 7.0% cap · market cap 32.93%
Second Best
Mixed Use
$301.5K
$263.8K – $351.7K
NOI $21,103 @ 7.0% cap · market cap 6.03%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Explore this area
Business Placement
Demographics for 44709, OH
18,509
Population
9,218
Households
2
Avg Household Size
42
Median Age
28%
College-Educated
95%
High-School Grad
5.8 sq mi
ZIP Area
3,191
Density / Sq Mi
$53,144
Median Household Income
$34,941
Median Earnings
$818
Median Rent
$149,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Stark County, OH
Properties on Market for Mixed-use properties in Stark County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with long-term retail tenants, an upstairs apartment, and ample parking near a highway exit.
Where is this mixed-use property located?
The property is located at 2757 Cleveland Avenue Northwest Canton, OH.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 6,304 SF mixed‑use building with two retail tenants and an apartment on the second floor; Fully leased with retail tenants who have been in the building for a long period of time; Brand new roof
