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    2040 Wales Ave Massillon, OH 44646

    Sponsored
    For Lease
    $8 SF/Yr

    Prime Massillon storefront, multiple suites available.

    Lot size:
    89,766 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Wales Square, located at 2040 Wales Ave NW in Massillon, Ohio, presents a compelling retail investment opportunity. This Class B property, built in 1969, comprises three single-story buildings totaling 89,766 square feet situated on an expansive 8.44-acre lot (367,819 square feet). The property is zoned B-3, allowing for a variety of retail uses. Currently, there are four suites available, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 11,360 square feet. A significant 27,860 square feet of space is currently vacant, offering immediate occupancy potential for expanding businesses or new ventures. The property's location in Stark County, Ohio, zip code 44646, provides excellent access to local traffic and offers significant visibility. This multi-tenant retail center presents a unique opportunity to establish a presence in a well-established Massillon commercial area. The property's size and layout offer flexibility for a variety of retail concepts, making it an ideal location for businesses seeking high-traffic exposure and ample space. Interested parties should inquire about lease terms and availability.

    Property Features for 2040 Wales Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    89,766 SF
    Class
    B
    Total Rate
    59844

    Building Details

    Year Built
    1969
    Buildings
    3
    Stories
    1

    Unit(s) available at that property

    Space
    Floor 1, Suite 2124
    Size
    3,500 SF
    Rate per SF
    $8
    Space
    Floor 1, Suite 2106
    Size
    11,000 SF
    Rate per SF
    $8
    Space
    Floor 1, Suite 2130
    Size
    2,000 SF
    Rate per SF
    $8
    Space
    Suite 2110
    Size
    11,360 SF
    Rate per SF
    $8
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Massillon
    County
    Stark
    State
    Ohio
    Longitude
    -81.5025871
    Latitude
    40.822072

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    FAQs

    What type of property is this?
    Individual retail property - Prime Massillon storefront, multiple suites available.
    Where is this individual retail property located?
    The property is located at 2040 Wales Ave Massillon, OH.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    Request Owner's contact information
    2040 Wales Ave Massillon, OH 44646
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    Massillon, OH 44646
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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
    2040 Wales Ave Massillon, OH 44646
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