323 Marion AveMassillon, OH 44646

Property Details for 323 Marion Ave

Year built

1998

Construction

FRAME

Lot size

0.72 AC

Property size (Sq ft)

30,000 SF

Property type

Medical offices

Property subtype

Medical centers

APN

43-18330

APU

4318330

Description

This two-story, 28,971 square foot Class C medical office building, constructed in 1998, offers flexible lease options ranging from 1,500 to 10,000 contiguous square feet. Located on a 1.52-acre lot at the southwest corner of Marion Ave NW and Bailey Street NW in Stark County, Ohio, this property boasts convenient access and ample parking. The building features a circular driveway with a canopied entrance, providing easy drop-off and pick-up. A total of 57 on-site parking spaces are available, supplemented by approximately 20 additional paved spaces nearby. The building is climate-controlled via rooftop package units and includes conveniently located men's and women's restrooms on each of the three levels (ground, first, and partially finished lower level). The property is zoned R4 and is situated just one block north of Lincoln Way E (172), easily accessible via the signalized intersection of Austin Ave and Lincoln Way E. This versatile space is ideal for a variety of medical and traditional office uses. Multiple tenancy is available.

• CAP approach

  CAP return

  Valuation

  6%

  $5,705,314

  6.5%

  $5,266,444

  7%

  $4,890,269

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,806,200

  Geo Method

  $2,806,200

• Alternative Use

  Use

  Valuation

  Residential

  $6,530,390

  Hospitality

  $5,981,802

  Educational

  $4,976,789

  Medical

  $5,147,948

  Retail

  $7,741,672

Location Insight

City

Massillon

County

Stark

State

Ohio

Latitude

40.7976

Longitude

-81.4753

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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