Mixed-Use Brick
For Sale
$165,000
3357 Mahoning Road NE, Canton, OH 44705
Ground-level retail space is paired with a separate three-bedroom apartment above.
Property Size4,190 SF
Price / SF$39.38
Days on Market263
Property Features for 3357 Mahoning Road NE
General Information
Standard status
Active
Size
4,190 SF
Property subtype
Mixed Use
Zoning
B-3
Occupancy
100%
Financials
Gross Income
$30,000
Average Monthly Rent
$1,000
Units
Unit Mix
1 x 3BR
Multifamily Units
1
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Mixed-Use Components
retail, residential
Taxes and HOA fees
Annual Taxes
$3,704
Amenities
fenced patio area
outside entertainment center
basement storage
Building Details
Building Size
4,190 SF
Year Built
1925
Buildings
1
Stories
2
Construction
brick
Tenancy
Multi
Listing Agency:
Life Stages Realty LLC
Listed By:
Nicolette Kuebeler · License #2022002552
(330) 322-3637
Source:
Lifestagesrealty
Added: Feb 6
Changed: Oct 26
Last Checked: Oct 26 at 2:42PM
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 Life Stages Realty LLC
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Investment Insights
Based on property information with market context.
This 1925 brick property combines street-level commercial space with a three-bedroom apartment upstairs, accessed through its own entrance. The retail area has a kitchenette and two restrooms and is currently used as a party center. A basement provides storage.
Behind the building, a fenced patio connects with a converted garage outfitted as an outdoor entertainment area. The property is zoned B-3, and both the commercial space and apartment are occupied under month-to-month arrangements. The retail area has a prior neighborhood bar use.
Behind the building, a fenced patio connects with a converted garage outfitted as an outdoor entertainment area. The property is zoned B-3, and both the commercial space and apartment are occupied under month-to-month arrangements. The retail area has a prior neighborhood bar use.
Key Highlights
- Brick mixed‑use building constructed in 1925
- B‑3 zoning
- Retail area includes a kitchenette and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,026
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,520
$280.5K
Cap Rate 7%
$200,371
$200.4K
Cap Rate 9%
$155,844
$155.8K
Market Conditions
NOI Build-Up for 4,190 SF
Gross rent
$24.6K $5.86/SF
− Vacancy
−$2.1K −$0.50/SF
EGI
$22.4K $5.36/SF
− OpEx
−$8.4K −$2.01/SF
NOI
$14.0K $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%
$280,520
Cap Rate 7%
$200,371
Cap Rate 9%
$155,844
Alternative Uses
Best Use
Retail
$1.09M
$957.2K – $1.28M
NOI $76,578 @ 7.0% cap · market cap 46.41%
Second Best
Apartment 5plus
$438.4K
$383.6K – $511.5K
NOI $30,689 @ 7.0% cap · market cap 18.60%
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
Lease Details
1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Explore this area
Business Placement
Demographics for 44705, OH
17,779
Population
7,955
Households
2.2
Avg Household Size
37
Median Age
10%
College-Educated
84%
High-School Grad
7.9 sq mi
ZIP Area
2,251
Density / Sq Mi
$41,903
Median Household Income
$29,420
Median Earnings
$877
Median Rent
$74,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-level retail space is paired with a separate three-bedroom apartment above.
Where is this mixed-use property located?
The property is located at 3357 Mahoning Road NE Canton, OH.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Brick mixed‑use building constructed in 1925; B‑3 zoning; Retail area includes a kitchenette and two restrooms
