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    242 Lincoln Way W Massillon, OH 44647
    Property profile & analytics

    242 Lincoln Way W, Massillon, OH 44647

    View on Map

    • Retail space
    • 10,855 SF
    • 1.14 lot acres
    Former Drug Store Available For Lease
    $1,955,000
    10,900 SF

    Former Drug Store Available

    10,900 SF retail space on 1.14 AC for lease.

    242 Lincoln Way W, Massillon, OH
    View Listing
    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.

    Value Estimations
    $1,955,000
    Cap Rate Potential
    9.7%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Cassi M. Moser, RPh / Pharmacy
    • Michelle M. Kingsbury, RPH / Pharmacy
    • higi / Physician
    • Rite Aid / Pharmacy
    • Western Union / Bank / Credit Union

    Property Details for 242 Lincoln Way W

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

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 19, 2021 $1,996,000 Niki Washington Road LLC Rite Aid Of Ohio INC Limited Warranty Deed —

    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
    • 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 estimation — 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
    View Listing
    More about this property
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