Property profile

4571 Erie Ave SW Navarre, OH 44662

FOR SALE
Turn key restaurants
Property ID
US66-1469511
4,506 SF 2.84 ac lot Built 1989
Trust Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2.82-acre commercial land parcel presents a unique investment opportunity in Navarre, Ohio. Located at 4571 Erie Ave SW, this property boasts excellent visibility and accessibility, with frontage on the west side of Erie Avenue (Route 21), and convenient proximity to Route 30 (0.9 miles south). The property's APN is 4400274, and it's situated in Stark County's Perry Township, just north of Navarre. The asking price is $329,900, translating to a land value of $116,986 per acre. This strategically positioned land is zoned ID, permitting a variety of B2 uses. Potential business applications are diverse and include retail, financial institutions, food service establishments, automotive businesses, and other related commercial ventures suitable for the area. This property offers significant potential for developers and investors seeking a high-visibility location with strong growth prospects in a thriving community. The expansive lot size provides ample space for a variety of development options, making it an attractive proposition for businesses seeking to establish a presence in this desirable area of Ohio. Don't miss this chance to acquire a prime commercial land parcel in a rapidly developing market.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1989
Construction BRICK
Total area 4,506 SF
Lot 2.84 ac (123,710 SF)
APN 44-00218
UPID US66-1469511

Cap rate & NOI

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

Location

4571 Erie Ave SW Navarre, OH 44662
Navarre metro Census 714600 CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2018
6 recorded transactions
2020
Price N/A
2018
Price N/A
2018
$150,000
2015
Price N/A
2013
$178,500
2004
$375,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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