9652 Portage St Massillon, OH 44646
- Commercial real estate
- 3.22 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 9652 Portage St
- Lot size
- 3.22 lot acres
- Property type
- Commercial real estate
- APN
- 16-29629
- APU
- 1629629
Description
This exceptional commercial property, located at 9652 - 9750 Portage St NW in Massillon, Ohio, presents a compelling investment opportunity. The 5.37-acre lot boasts a prime location at a signalized intersection within Jackson Township, ensuring high visibility and accessibility. The property includes a single-story, 7,079 square foot building currently occupied by three tenants under month-to-month leases. This presents a flexible situation for the new owner, allowing for immediate income generation or redevelopment potential. The property is zoned B-3, offering a range of development possibilities. The asking price is $780,000, translating to $110.19 per square foot. The seller is open to considering the sale of individual parcels separately, providing added flexibility for potential buyers. Please note that a cell tower easement on the property is not included in the sale. This property offers a unique blend of immediate income potential and significant long-term development upside, making it an ideal acquisition for savvy investors seeking a strong return on investment in a desirable Ohio location. The property's APN is 1629629, 1629628.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $285,000
- 6.5%
- $280,000
- 7%
- $285,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $315,000
- Geo Method
- $265,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $310,000
- Retail
- $265,000
- Mixed-Use
- $285,000
- Hospitality
- $280,000
- Educational
- $280,000
- Residential Income
- $290,000
- Energy
- $235,000
- Income-Based Land
- $300,000
- Food Service
- $275,000
Location Insight
- Map
- Local Demand
- City
- Massillon
- County
- Stark
- State
- Ohio
- Longitude
- -81.5302
- Latitude
- 40.8802
- CBSA code
- 15940
- CBSA name
- CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA