4902 Spruce Hl Dr Green, OH 44720
- Commercial real estate
- 23,386 SF
- 3.10 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4902 Spruce Hl Dr
- Year built
- 1972
- Construction
- WOOD FRAME
- Lot size
- 3.10 lot acres
- Property size
- 23,386 SF
- Property type
- Commercial real estate
- APN
- 16-25459
- APU
- 1625459
Description
This exceptional commercial property, located at 4902 Spruce Hill Dr NW in Canton, Ohio, presents a lucrative investment opportunity. The 23,386 square foot retail space, built in 1972, sits on a 3.46-acre lot and boasts a two-story building. The property is zoned B1 & R1, offering flexibility for various commercial uses. The asking price is $750,000, translating to a land value of $216,763 per acre. This prime location benefits from high visibility and traffic, with over 25,000 cars passing daily. Its proximity to a new Meijer, numerous restaurants, and other retailers ensures high foot traffic and customer accessibility. The property features all utilities and a shared drive with full access, simplifying operations and reducing infrastructure costs. The property's strategic position near residential areas further enhances its appeal, balancing commercial activity with residential proximity. This is a rare opportunity to acquire a well-established retail property in a thriving Canton location. Parcel numbers are 1625357 and 1625459.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $465,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $545,000
- 6.5%
- $620,000
- 7%
- $610,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $610,000
- Geo Method
- $595,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $670,000
- Retail
- $670,000
- Mixed-Use
- $540,000
- Hospitality
- $560,000
- Educational
- $495,000
- Residential Income
- $505,000
- Energy
- $615,000
- Income-Based Land
- $505,000
- Food Service
- $495,000
Location Insight
- Map
- Local Demand
- City
- Canton
- County
- Stark
- State
- Ohio
- Longitude
- -81.4468
- Latitude
- 40.8528
- CBSA code
- 15940
- CBSA name
- CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA