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8433 Cleveland Ave NW 2,504 SF 63% Leased Retail Building Canton, OH 44720 $425,000 ($169.73/SF) 8.51% Cap Rate
INVESTMENT HIGHLIGHTS
- High Visibility - 12274 Vehicles / Day
- Strong Customer Base - 17,700 residents within 3 miles
- Income Producing - 5 tenants in place with room for more
- Sale Includes Furniture, Fixtures and Equipment - Ask Broker for List
EXECUTIVE SUMMARY
High-visibility salon/retail property on Cleveland Ave. NW in North Canton with an average daily traffic count of 12,274 vehicles. Just minutes from Belden Village and I-77, the site benefits from a strong consumer base of 13,810 residents within three miles and a median household income of $72,200. The building is currently revenue-producing with multiple tenants and offers additional leasing potential, creating a compelling opportunity for investors seeking stable income and long-term growth in a thriving corridor.
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
2,504 SF
Building Class
C
Year Built
1994
Price
$425,000
Price Per SF
$169.73
Cap Rate
8.51%
NOI
$36,184
Percent Leased
63%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.30
Lot Size
0.19 AC
Zoning
C-2 - C-2 General Commercial District.
Parking
10 Spaces (3.99 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 02013752 | Total Assessment | $70,880 |
| Land Assessment | $14,770 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $56,110 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
02013752
Land Assessment
$14,770
Improvements Assessment
$56,110
Total Assessment
$70,880
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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8433 Cleveland Ave NW
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