3154 Lincoln NW Way Massillon, OH 44647-5207
- Retail space
- 3,770 SF
- 0.15 lot acres
Current Use by Public Records
- Lincoln smoke & vape / Vaporizer Store
- Jimmy’s Smoke Shop / Vaporizer Store / Smoke Shop
Property Details for 3154 Lincoln NW Way
- Year built
- 1985
- Construction
- BRICK
- Lot size
- 0.15 lot acres
- Property size
- 3,770 SF
- Property type
- Retail space
- APN
- 06-02639
- APU
- 602639
Description
This exceptional investment opportunity presents a fully leased, three-tenant retail plaza situated in Massillon, Ohio, at 3154 Lincoln Way NW, zip code 44647. The property boasts a total of 3,770 square feet, spread across three units within a single, one-story building constructed in 1969. Currently operating at 100% occupancy, this Class D retail plaza generates a substantial net operating income (NOI) of $30,327, translating to an attractive 10.11% capitalization rate. The asking price is $300,000, representing a price per square foot of $79.58. The property sits on a 0.36-acre lot and is zoned B1. The property's location at the corner of 32nd Street and Lincoln Way NW provides excellent visibility and accessibility. The building's features include a single building on a single story. The property's APN is 602639, 608283. This is a prime opportunity for investors seeking a stable, high-yielding retail investment in a desirable location. Note that an adjacent 4,308 square foot vacant building on a 0.48-acre lot is available for separate purchase at $175,000. This presents a potential for expansion or additional income streams.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Massillon
- County
- Stark
- State
- Ohio
- Longitude
- -81.5707
- Latitude
- 40.7964
- CBSA code
- 15940
- CBSA name
- CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA
