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824 12th St NW 7,100 SF 100% Leased Retail Building Canton, OH 44703 $300,000 ($42.25/SF) 15.60% Cap Rate
Executive Summary
Good income-producing Retail Storefront w/4 residential apartments. All units (1 Bed/1 Bath) are currently rented MTM to long-term tenants. This property currently has grants for interior and exterior remodeling and asphalt repaving. Property also includes an additional tax parcel (ppn: 00219021) w/Garage and gravel parking lot across the street. All city inspections have been completed and passed, and the owner is putting in new steps to be completed before transfer. Possible transformation of retail into residential units. Tenants pay utilities except for electric. Take advantage of this great opportunity to purchase a quality income property in Canton, Ohio.
Link to Grant info: https://cantonohio.gov/2267/Public-Realm-Reinvestment-Program
Grant Info
The building & the lot are on 2 different parcels, so they can both get grants
There are exterior grants & interior grants
There are also storefront grants, both inside & out
And the storefront tenant can also apply on top of what the owner applies for
Link to Grant info: https://cantonohio.gov/2267/Public-Realm-Reinvestment-Program
Grant Info
The building & the lot are on 2 different parcels, so they can both get grants
There are exterior grants & interior grants
There are also storefront grants, both inside & out
And the storefront tenant can also apply on top of what the owner applies for
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,100 SF
Building Class
C
Year Built
1935
Price
$300,000
Price Per SF
$42.25
Cap Rate
15.60%
NOI
$46,800
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.15
Lot Size
0.14 AC
Zoning
Commercial
Parking
12 Spaces (1.69 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signage
- Wheelchair Accessible
Very walkable
80/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00219018 | Improvements Assessment | $47,080 |
| Land Assessment | $3,680 | Total Assessment | $50,760 |
Property Taxes
Parcel Number
00219018
Land Assessment
$3,680
Improvements Assessment
$47,080
Total Assessment
$50,760
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824 12th St NW
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