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    Cherry Rd Massillon, OH 44647

    Sponsored
    For Sale
    $300,000

    3.95-acre development site, prime location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 3.95-acre commercial land parcel in Massillon, Ohio, presents a unique development opportunity. Zoned C-Commercial (APN 617725), this property boasts high visibility along Cherry Rd NW (3,362 cars daily) and is strategically located near Friendship Village Apartments and Quarry Ridge Assisted Living. Its proximity to major roadways, including State Route 21 (17,225 cars daily), ensures excellent accessibility. The site is ideally suited for ground lease or build-to-suit projects, accommodating single or multi-tenant developments, including drive-thru options. The strong demographics of the area, with over 250,600 residents and 261,200+ daytime population within a ten-mile radius in the Canton-Massillon MSA, and an average household income exceeding $81,000 within a five-mile radius, make this a compelling investment. The asking price is $300,000. The property's location offers easy access to both Massillon and Canton's downtown areas, and is approximately 11.5 miles from Canton and 54 miles from Cleveland. This exceptional site is ready for your vision.

    Property Features for 0 Cherry Rd

    General Information

    Property type
    Land
    Lot Size
    172,062 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Massillon
    County
    Stark
    State
    Ohio
    Longitude
    -81.5563098
    Latitude
    40.8079846

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    FAQs

    What type of property is this?
    Land - 3.95-acre development site, prime location
    Where is this land located?
    The property is located at Cherry Rd Massillon, OH.
    What is the asking price?
    The asking price for this property is $300,000.
    (602) 687-6698
    Request Owner's contact information
    Cherry Rd Massillon, OH 44647
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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.

    More about this property
    Cherry Rd Massillon, OH 44647
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