238 6th NE St Canton, OH 44702
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 rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.