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    1020 Market Ave Canton, OH 44704

    For Lease
    Contact for pricing

    1-Acre Outlot, Retail/Office, Opportunity Zone

    Lot size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    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 Features for 1020 Market Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF
    Class
    B

    Building Details

    Year Built
    1954
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    1 SF

    HighLights

    • 9.27‑acre lot available for sale or lease in Canton, OH.
    • Located in an Opportunity Zone.
    • High‑visibility corner lot at the signalized intersection of Market Ave N and 9th St NE.
    • Across from the Canton Memorial Civic Center and Cultural Center for the Arts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Law Firm Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.3344408
    Latitude
    40.7993928

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    FAQs

    What type of property is this?
    Office Property / Space - 1-Acre Outlot, Retail/Office, Opportunity Zone
    Where is this office property / space located?
    The property is located at 1020 Market Ave Canton, OH.
    What are key features of this property?
    This property features: 9.27-acre lot available for sale or lease in Canton, OH.; Located in an Opportunity Zone.; High-visibility corner lot at the signalized intersection of Market Ave N and 9th St NE.
    Request Owner's contact information
    1020 Market Ave Canton, OH 44704
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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
    1020 Market Ave Canton, OH 44704
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