4925 Fulton Dr Canton, OH 44718
- Strip malls
- 35,273 SF
- 2.55 lot acres
Current Use by Public Records
- Strip malls
Property Details for 4925 Fulton Dr
- Year built
- 1987
- Construction
- BRICK
- Lot size
- 2.55 lot acres
- Property size
- 35,273 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 16-16237
- APU
- 1616237
Description
This exceptional mixed-use property in Canton, Ohio's desirable Belden Village area presents a lucrative investment opportunity. Situated on a 3.84-acre lot, this high-traffic location boasts thirteen commercial tenants occupying twenty-seven units across several well-maintained buildings. The diverse tenant mix includes light manufacturing, retail, professional services, heated storage, offices, a fitness center, and warehouses, ensuring a stable income stream. Currently operating at 100% occupancy, the property generates a substantial annual gross income of $208,680. Several long-term tenants, some with leases extending up to forty years, provide significant stability and predictability. Adding to the income potential is a cell phone tower lease, with potential for future expansion and shared revenue. The property also includes a three-unit duplex apartment building, each with a private entrance, enclosed garage, and basement laundry facilities. Recent improvements include a complete asphalt parking lot replacement (2021), new gas and water lines (2021) to the east commercial building, and new LED commercial road signage (2022) for enhanced tenant visibility. The property's semi-annual tax payment is $19,797.65. This turnkey investment offers a compelling blend of diverse income streams, long-term tenant stability, and recent capital improvements, making it an ideal acquisition for discerning investors seeking strong returns.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,945,000
- ML approach
- $1,890,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,253,000
Market price range: $2.03M - $4.58M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $3,025,000 Current use
- RETAIL STORES
- $3,045,000 Change: +1% Conversion: Easy
- OFFICE BUILDING
- $2,865,000 Change: -5% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Canton
- County
- Stark
- State
- Ohio
- Longitude
- -81.4402
- Latitude
- 40.8472
- CBSA code
- 15940
- CBSA name
- CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA
