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2040-2152 Wales Ave NW
Massillon, OH 44646
Wales Square · Retail Property For Sale
Investment Highlights
- Traffic 15,100 AADT
Executive Summary
• This neighborhood center is well located in a prime retail corridor between Jackson Township and Massillon on SR 241.
• Positioned on an 8-acre parcel with ample parking spaces, and ingress and egress from both Wales Ave and Hills and Dales Rd to the east.
• Located in a solid trade area with strong demographics and household income levels, directly across the street from Aultman West.
• Several vacant suites provide immediate value add potential.
• Positioned on an 8-acre parcel with ample parking spaces, and ingress and egress from both Wales Ave and Hills and Dales Rd to the east.
• Located in a solid trade area with strong demographics and household income levels, directly across the street from Aultman West.
• Several vacant suites provide immediate value add potential.
Property Facts
Sale Type
Investment
Property Type
Building Size
92,516 SF
Building Class
C
Year Built/Renovated
1969/2001
Price
$3,500,000
Price Per SF
$37.83
Cap Rate
9.56%
NOI
$334,555
Percent Leased
71%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.25
Lot Size
8.43 AC
Zoning
B-3
Parking
500 Spaces (5.4 Spaces per 1,000 SF Leased)
Frontage
698’ on Wales
Amenities
- Pylon Sign
- Restaurant
- Signage
Property Taxes
| Parcel Number | 00800039 | Improvements Assessment | $998,690 |
| Land Assessment | $131,250 | Total Assessment | $1,129,940 |
Property Taxes
Parcel Number
00800039
Land Assessment
$131,250
Improvements Assessment
$998,690
Total Assessment
$1,129,940
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