238 6Th StNorth Canton, OH 44702

Property Details for 238 6Th St

Year built

1956

Construction

FRAME

Lot size

0.08 AC

Property size (Sq ft)

9,900 SF

Property type

Office properties

Property subtype

Other office properties

APN

02-26120

APU

226120

Description

This exceptional freestanding retail building, located at 238 6th St NE in Canton, Ohio, presents a compelling investment opportunity. Priced at $349,000, this 6,600 square foot property sits on a 0.326-acre lot and offers significant potential. Built in 1957, the two-story structure boasts a B-5 Central Business District zoning designation, allowing for diverse uses. Currently operating as a multi-tenant retail space with three month-to-month tenants, the property is 100% leased, providing immediate income potential. The building features ground floor retail storefronts and additional office/retail space on the second floor. An approximate 3,300 square foot basement offers further expansion possibilities. The property also includes two adjacent parcels used for ample parking, adding to its overall value. Its highly visible corner location at the intersection of 6th and Walnut Streets places it in close proximity to various amenities, including dining, shopping, and entertainment options. Utilities are separately metered, and annual property taxes are $7,433. This property is ideal for owner-users, investors, or redevelopment projects seeking a strong foothold in the vibrant downtown Canton market. The asking price of $52.88 per square foot reflects a strong value proposition in this desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,882,754

  6.5%

  $1,737,926

  7%

  $1,613,789

• Comparable approach

  Method

  Valuation

  Relative Method

  $926,046

  Geo Method

  $926,046

• Alternative Use

  Use

  Valuation

  Residential

  $2,155,029

  Hospitality

  $1,973,995

  Educational

  $1,642,340

  Medical

  $1,698,823

  Retail

  $2,554,752

Location Insight

City

Canton

County

Stark

State

Ohio

Latitude

40.8014

Longitude

-81.372

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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