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    400 Cherry SE Ave Canton, OH 44702-1123

    Warehouses Google Maps
    35,658 SF 0.92 ac lot Built 1860
    Entity Owned 5-yr Hold ~ Est. High Equity
    400 Cherry SE Ave, Canton, OH 44702-1123 For Sale 1 / 5
    Contact for pricing 35,658 SF
    400 Cherry SE Ave, Canton, OH 44702-1123
    View Listing →
    Estimated value (blended)
    $290k
    Range $261k – $319k (±10%)
    Property ID US66-2085304

    Property summary

    AI-generated overview

    This stabilized Class C industrial property, located at 400 Cherry Ave SE in Canton, Ohio, offers 35,658 square feet of flex and warehouse space. Currently 100% occupied under a 5-year modified lease commencing November 1, 2024, this single-tenant property features three loading docks and a fenced yard. Recent improvements include five new Reznor heaters in the warehouse, two new garage door access areas, a new large cement pad, three remodeled bathrooms, two new water heaters, new office flooring, and an updated office HVAC system. A new water line has also been installed. The 0.92-acre lot is zoned B4 and boasts a convenient location, just half a mile from Route 30 and a little over a mile from I-77. Built in 1860, this property presents a strong investment opportunity with a long-term lease in place. The APN is 232202. The property is situated in Stark County, Ohio, with a zip code of 44702.

    Property profile

    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1860
    Construction BRICK
    Total area 35,658 SF
    Lot 0.92 ac (40,075 SF)
    APN 02-32202
    UPID US66-2085304

    Cap rate & NOI

    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors

    Current use

    Occupant on record · Public records
    • Big Box & Wholesale Store Building Supply
    • Big Box & Wholesale Store
    • Distribution Center Logistics Company
    3 occupants on record

    Value estimations

    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $290k

    Owner & transaction history

    since 2020
    Last sale
    $250,000
    2 recorded transactions
    2020
    $250,000
    2020
    Price N/A

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • Value Estimation
      $70,000
      0.13 Acres
      Walnut NE Ave
      WAREHOUSE, STORAGE
      Walnut NE Ave, Canton, OH 44702
      View Details
    • Value Estimation
      $200,000
      3,564 SF
      520 2nd NE St
      WAREHOUSE, STORAGE
      520 2nd NE St, Canton, OH 44702
      View Details
    • Value Estimation
      $410,000
      10,320 SF
      612 Cherry NE Ave
      WAREHOUSE, STORAGE
      612 Cherry NE Ave, Canton, OH 44702
      View Details
    • Value Estimation
      $630,000
      10,568 SF
      430 6th SE St
      WAREHOUSE, STORAGE
      430 6th SE St, Canton, OH 44702-1158
      View Details
    • Value Estimation
      $640,000
      14,000 SF
      610 Walnut SE Ave
      WAREHOUSE, STORAGE
      610 Walnut SE Ave, Canton, OH 44702-1352
      View Details
    • Value Estimation
      $280,000
      7,891 SF
      321 Cherry NE Ave
      WAREHOUSE, STORAGE
      321 Cherry NE Ave, Canton, OH 44702-1140
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      35,368 SF
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      126,001 SF
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    • New
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    Similar Nearby for Lease

    • New
      Contact for pricing
      35,368 sqft
      Flex Industrial Facility with Yard
      Renovated flex warehouse with fenced outdoor yard, insulated dock doors, and drive-in bays with 10-foot doors.
      400 Cherry Ave SE, Canton, OH 44702
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    • New
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      50,512 sqft
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    • $4,611/Mo
      First-Floor Warehouse with Overhead Door
      First-floor warehouse space includes an overhead door, restroom, and 11' ceiling height, with ramp access to a basement storage area.
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    • $595/Mo
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      Second-Floor Office Suite
      Customizable downtown workspace with utilities included and parking options for tenants and visitors.
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    • New
      $395/Mo
      210 sqft
      Customizable Second-Floor Office Unit
      Second-floor office unit with utilities included and flexible customization options.
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    • New
      Contact for pricing
      20,499 sqft
      Office Building with Mezzanine
      Substantial downtown office building with recent system upgrades, whole-building backup generation, and mezzanine features.
      202 2nd St Ne, Canton, OH 44702
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    Recent comparable sales
    Sale price & price/SF · Sale date & distance · Adjustments & confidence
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