242 Lincoln W Way Massillon, OH 44647-6566
- Retail space
- 10,855 SF
- 1.14 lot acres
Nov 19, 2021
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
-
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
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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