1425 State St Alliance, OH 44601
- Outlet malls
- 62,040 SF
- 10.51 lot acres
Current Use by Public Records
- Outlet malls
Property Details for 1425 State St
- Year built
- 1968
- Construction
- CONCRETE
- Lot size
- 10.51 lot acres
- Property size
- 62,040 SF
- Property type
- Outlet malls
- APN
- 01-13663
- APU
- 113663
Description
This exceptional commercial land opportunity in Alliance, Ohio, encompasses 1 to 6 acres at 1425 E State St, offering versatile options for sale or lease, and potential for build-to-suit development. The property is divisible into approximately four 1.6-acre lots, providing ample space for various commercial ventures. Boasting a highly visible location with 12,519 vehicles passing daily, this site benefits from its strategic position across from College Plaza and just one mile east of the University of Mount Union. Its proximity to the Carnation City Mall redevelopment (4 miles east), Meijer, and other retailers ensures a thriving commercial environment. Zoned B-2 Thoroughfare Commercial, the property features impressive frontage: over 540 feet on E State Street and over 740 feet on S Mahoning Avenue. This makes it ideal for restaurants, coffee shops, retail establishments, and other commercial uses. The strong demographics and high traffic count make this a compelling development opportunity in a bustling area. The property's size and zoning provide flexibility for a range of commercial projects.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $685,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $550,000
- 6.5%
- $495,000
- 7%
- $500,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $570,000
- Geo Method
- $595,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $550,000
- Retail
- $525,000
- Mixed-Use
- $460,000
- Hospitality
- $485,000
- Educational
- $420,000
- Residential Income
- $530,000
- Energy
- $415,000
- Income-Based Land
- $575,000
- Food Service
- $565,000
Location Insight
- Map
- Local Demand
- City
- Alliance
- County
- Stark
- State
- Ohio
- Longitude
- -81.0877
- Latitude
- 40.9005
- CBSA code
- 15940
- CBSA name
- CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA