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Property profile & analytics
FOR LEASE
Office Spaces

1020 Market Ave N Canton, OH 44704

106,875 SF 9.27 ac lot Built 1982
Individually Owned 3-yr Hold Free & Clear
Property ID
US66-5192569
Property summary
AI-generated overview

This exceptional 9.27-acre lot presents a unique investment opportunity in Canton, Ohio. Located at the highly visible, signalized intersection of Market Avenue N and 9th Street NE, this property offers unparalleled exposure. The existing building, a two-story Class B structure built in 1954, totals 1 square foot and sits on approximately 1 acre of the total land. The remaining acreage provides significant development potential. The property is zoned B-5, allowing for a variety of commercial uses. Its prime downtown location places it directly across from the Canton Memorial Civic Center and the Cultural Center for the Arts, ensuring high foot traffic and visibility. This property is situated within an Opportunity Zone, offering potential tax advantages for qualified investors. The property's address is 1020 Market Ave N, Canton, OH 44704, with the APN 10007992 in Stark County. The property is currently available for sale or lease, presenting a flexible option for prospective buyers or tenants seeking a strategic location in a thriving urban environment. The multiple tenancy allows for diverse business opportunities. This is a rare chance to acquire a significant piece of Canton's commercial landscape.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1982
Construction FRAME
Total area 106,875 SF
Lot 9.27 ac (403,801 SF)
APN 10-007992
UPID US66-5192569
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.51M
Comparable Approach Comparable
$6.03M
Blend (final) Blend
$5.58M
Owner & transaction history
Canton Community Improvement Corpor · 3 yrs held
Canton Community Improvement Corpor
since 2023
3 recorded transactions
2023
Price N/A
2023
Price N/A
2019
$500,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $9.2M +231.1%
Neighborhood: shopping center $9.2M +229.0%
Office building $8.7M +211.4%
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More about this property
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