280 Federal AveMassillon, OH 44647

Property Details for 280 Federal Ave

Year built

1955

Construction

BRICK

Lot size

1.07 AC

Property size (Sq ft)

60,000 SF

Property type

Retail properties

Property subtype

Community centers

APN

06-15712

APU

615712

Description

This exceptional industrial property, located in the heart of downtown Massillon, offers a unique opportunity for businesses seeking a strategic location and versatile space. The single-story building sits on a 2.009-acre lot and features a total of 8,854 square feet of available space, ideal for distribution, warehousing, office, or retail uses. The property boasts unbeatable access to Route 21 and Lincoln Way, providing easy access to the greater Stark County area. Currently, there is 13,882 square feet of warehouse space available for lease at $2.95 per square foot, including three overhead doors. Additionally, 9,337 square feet of mezzanine space is available at $2.95 per square foot, and 11,233 square feet of dry basement storage is available for lease at $1.00 per square foot. The property's APN is 615712, 618139, and 619357, and it is situated in Stark County. This property presents a compelling investment opportunity with its prime location and flexible space options. Contact us today to learn more about this exceptional property and schedule a showing.

• CAP approach

  CAP return

  Valuation

  6%

  $16,773,623

  6.5%

  $15,483,344

  7%

  $14,377,391

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,143,248

  Geo Method

  $14,143,248

• Alternative Use

  Use

  Valuation

  Residential

  $13,060,780

  Hospitality

  $11,963,604

  Educational

  $9,953,578

  Medical

  $10,295,897

  Retail

  $15,483,344

Location Insight

City

Massillon

County

Stark

State

Ohio

Latitude

40.7972

Longitude

-81.5272

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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