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Property profile & analytics

242 Lincoln W Way Massillon, OH 44647-6566

  • Retail space
  • 10,855 SF
  • 1.14 lot acres
OFF-MARKET
Last Sale
Nov 19, 2021
$1,996,000
Value Estimations
$2,150,000
Show details
Cap Rate Potential
9.7%
Retail space
Location Intelligence
Property ID
US66-1706315
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Cassi M. Moser, RPh / Pharmacy
  • Michelle M. Kingsbury, RPH / Pharmacy
  • higi / Health Consultant
  • Rite Aid / Drug Store / Beauty Supply Store
  • Western Union / Money Transfer Service

Property Details for 242 Lincoln W Way

Year built
2001
Construction
FRAME
Lot size
1.14 lot acres
Property size
10,855 SF
Property type
Retail space
APN
06-16481
APU
616481

Description

This exceptional 10,902-square-foot retail space, situated on a 1.14-acre lot in Stark County, Ohio, presents a remarkable opportunity for lease or ground lease. Built in 2001, this single-story building boasts 65 parking spaces, ensuring ample convenience for customers. The property enjoys a highly visible corner location at the signalized intersection of Lincoln Way West and 3rd Street, benefiting from exceptional traffic flow exceeding 20,000 vehicles per day. Prominent pylon signage is available on both Lincoln Way and 3rd Street, offering excellent highway visibility and brand exposure. This strategic location is surrounded by a thriving mix of established businesses, including national chains such as Chipotle, Dunkin' Donuts, McDonald's, Buffalo Wild Wings, Walgreens, First Commonwealth Bank, Farmer's National Bank, T-Mobile, Verizon, and Dollar Tree, creating a strong synergy and high foot traffic. The property's address is further identifiable by its proximity to Lincoln Way West, Tommy Henrich Drive, and Federal Avenue NW, and its APN is 616481. This turnkey retail space is ready for immediate occupancy and offers significant potential for a variety of retail uses. The property's size, location, and visibility make it an ideal investment for businesses seeking high exposure and strong customer accessibility.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $2,050,000
    ML approach
    $1,890,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $3,305,000
    6.5%
    $3,050,000
    7%
    $2,835,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,848,000
    Market price range: $411k - $1.85M
  • Alternative Use

    Use
    Estimation
    RESTAURANT
    $1,270,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Massillon
County
Stark
State
Ohio
Longitude
-81.5265
Latitude
40.796
CBSA code
15940
CBSA name
CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$37,641
$26,600
$602,000
$628,600
-
$76,000
$1,720,000
$1,796,000
More about this property
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