7800 Cleveland AveNorth Canton, OH 44720

Property Details for 7800 Cleveland Ave

Year built

2008

Construction

FRAME

Lot size

1.79 AC

Property size (Sq ft)

14,597 SF

Property type

Retail properties

Property subtype

Retail space

APN

55-03233

APU

5503233

Description

This exceptional retail property, located at 7800 Cleveland Ave NW in North Canton, Ohio, presents a unique investment opportunity. The 14,597 square foot building, formerly a Rite Aid, boasts a prime corner location with excellent street frontage and high traffic volume. The property features multiple drive-thru lanes, ensuring convenient customer access, along with ample compliant parking spaces. Ingress and egress are facilitated by access from two major roads, enhancing accessibility. The building includes a rear mezzanine level, easily accessible via an elevator, providing substantial additional storage space. Employee and customer convenience is ensured with the inclusion of both men's and women's restrooms. The sale includes existing freezers and cold storage units, ideal for a pharmacy or similar business. Security features are in place, including a security system and secure entry doors. The asking price is $2,399,000, translating to $164.35 per square foot. The property is currently vacant, offering immediate occupancy for a new tenant or owner-operator. The APN is 05503233. This is a rare opportunity to acquire a well-equipped, high-visibility retail space in a thriving North Canton location. Don't miss this chance to secure a valuable asset in a desirable market.

• CAP approach

  CAP return

  Valuation

  6%

  $4,080,743

  6.5%

  $3,766,840

  7%

  $3,497,780

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,440,816

  Geo Method

  $3,440,816

• Alternative Use

  Use

  Valuation

  Residential

  $3,177,470

  Hospitality

  $2,910,546

  Educational

  $2,421,540

  Medical

  $2,504,820

  Retail

  $3,766,840

Location Insight

City

North Canton

County

Stark

State

Ohio

Latitude

40.8988

Longitude

-81.4057

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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