12968 Lincoln NW Way Massillon, OH 44647
- Warehouses
- 4,863 SF
- 2.83 lot acres
Current Use by Public Records
- Warehouses
Property Details for 12968 Lincoln NW Way
- Year built
- 1989
- Construction
- BRICK
- Lot size
- 2.83 lot acres
- Property size
- 4,863 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 10-011764
- APU
- 10011764
Description
This exceptional investment opportunity presents 176 self-storage units situated on a 2.5-acre parcel in Massillon, Ohio. The property boasts four buildings constructed of masonry block with recently replaced shingles, offering approximately 200 feet of frontage on Lincoln Way W in Stark County (tax parcel #10011764). Currently operating at 98% occupancy, the property generates a substantial yearly income of $88,776 (at 100% occupancy). All 176 units are month-to-month, presenting significant potential for rental increases. The property's layout allows for expansion, with ample space to add more buildings or utilize the land for outdoor boat/RV storage. The half-year property taxes are $2,776. This absolute auction offers a unique chance to acquire a well-established, high-performing self-storage facility. The auction includes the real estate only; terms are 10% down on auction day, with the balance due at closing. A 10% buyer's premium will be added to the final bid. All inspections must be completed prior to bidding. While the information provided is believed to be accurate, it is not guaranteed. The property is conveniently located in Tuscarawas Township. Online bidding begins December 24th, 2024, at 12:30 PM, with live on-site bidding commencing December 27th, 2024, at 12:30 PM.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Massillon
- County
- Stark
- State
- Ohio
- Longitude
- -81.5982
- Latitude
- 40.7973
- CBSA code
- 15940
- CBSA name
- CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA
