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    1020 Market Ave Canton, OH 44704

    Sponsored
    For Sale
    $450,000

    Prime 1-acre commercial outlot, downtown Canton.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1-acre commercial outlot presents a unique investment opportunity in the heart of Canton, Ohio. Located at the highly visible, signalized intersection of Market Avenue N and 9th Street NE, this B-5 zoned property offers unparalleled exposure. The land, priced at $10.33 per square foot, is situated in an Opportunity Zone, providing potential tax advantages for investors. 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 corner lot is ideal for a variety of commercial uses, making it an attractive prospect for developers and businesses seeking a strategic location with significant potential for growth. The property's size and location make it a rare find in a thriving urban area. The asking price of $450,000 reflects the exceptional value and potential of this remarkable opportunity. Don't miss this chance to acquire a piece of Canton's vibrant downtown landscape. The address is 1020 Market Ave N, Canton, OH 44704.

    Property Features for 1020 Market Ave

    General Information

    Property type
    Individual retail properties
    Lot Size
    43,560 SF

    HighLights

    • Approximately 1‑acre corner outlot available for sale or lease.
    • Located in an Opportunity Zone.
    • Downtown location at a 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 Location Intelligence

    Current Use by Public Records

    Retail space

    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?
    Individual retail property - Prime 1-acre commercial outlot, downtown Canton.
    Where is this individual retail property located?
    The property is located at 1020 Market Ave Canton, OH.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Approximately 1-acre corner outlot available for sale or lease.; Located in an Opportunity Zone.; Downtown location at a signalized intersection of Market Ave N and 9th St NE.
    (330) 284-0331
    Request Owner's contact information
    1020 Market Ave Canton, OH 44704
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    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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