Building Details

Year Built 1925

Tenancy Multi

Listing Agency: Hackenberg Realty Group

Listed By: Karen S Pinion Show Phone

Source: Groganzeiger

Added: Apr 24 Changed: Oct 4 Last Checked: Oct 15 at 2:04AM

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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 Hackenberg Realty Group

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Investment Insights

Based on property information with market context.

Built in 1925, this 6,170-square-foot mixed-use property combines an operating restaurant and tavern with a banquet room. The second level contains four rented apartments, creating a configuration that brings together commercial and residential uses within one building. Central air and electric and gas service are also identified among the property features.

The property is located at 3013 Tuscarawas Street W in Canton, Ohio. The sale includes a functioning restaurant and tavern operation; kitchen equipment and the liquor license are negotiable with an acceptable offer. DJ equipment and lighting are excluded from the sale.

Key Highlights

• 6,170‑square‑foot mixed‑use property
• Operating restaurant and tavern
• Banquet room included in the commercial layout

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,654

Cap Rate

6.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$413,080 $413.1K

Cap Rate 7%

$295,057 $295.1K

Cap Rate 9%

$229,489 $229.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,170 SF

Gross rent

$36.2K $5.86/SF

− Vacancy

−$3.1K −$0.50/SF

EGI

$33.0K $5.36/SF

− OpEx

−$12.4K −$2.01/SF

NOI

$20.7K $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%

$413,080

Cap Rate 7%

$295,057

Cap Rate 9%

$229,489

Alternative Uses

Best Use

Specialty Retail

$958.9K

$839.0K – $1.12M (±1% cap)

NOI $67,122 @ 7.0% cap · market cap 20.65%

Second Best

Multifamily LT 5

$737.3K

$645.1K – $860.2K (±1% cap)

NOI $51,611 @ 7.0% cap · market cap 15.88%

Theoretical Best

Retail

$1.61M

$1.41M – $1.88M (±1% cap)

NOI $112,765 @ 7.0% cap · market cap 34.70%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Junction Tavern Bar & Pub

Suggested Use

Top Pick Real Estate Agency Law Firm Gym & Fitness Center Cafe & Coffee Shop Carpet & Flooring Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Turnkey business

Opportunity

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

992

Businesses Nearby

Explore this area Business Placement

Demographics for 44708, OH

25,386

Population

11,758

Households

2.2

Avg Household Size

44

Median Age

27%

College-Educated

93%

High-School Grad

10.1 sq mi

ZIP Area

2,513

Density / Sq Mi

$60,159

Median Household Income

$37,217

Median Earnings

$926

Median Rent

$164,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Operating tavern, restaurant, and banquet room occupy the commercial space, with four rented apartments above.

Where is this mixed-use property located?

The property is located at 3013 Tuscarawas St W Canton, OH.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: 6,170‑square‑foot mixed‑use property; Operating restaurant and tavern; Banquet room included in the commercial layout