Listed by Century 21 Commercial
$289,900
High Profile Retail Storefront | Separate Duplex
Details
APN 245838
Property Type Mixed Use, Multifamily
Sub Type Apartment Building, Storefront
Square Footage 2,880
Net Rentable (SqFt) 2,880
Units 3
Occupancy 33%
Tenancy Multi
Lease Type NN
Lease Term 5
Lease Expiration 06/30/2029
Remaining Term 3
Pro-Forma Cap Rate 19.09%
Pro-Forma NOI $55,348
Price per SqFt $101
Broker Co-Op Yes
Class C
Year Built 1921
Year Renovated 2026
Buildings 2
Stories 1
Acreage 0.140
Investment Type Value Add
Tenant Credit No Credit Rating
Lease Commencement 07/01/2024
Occupancy Date 03/25/2026
Ground Lease No
Ownership Fee Simple
High Profile | 2,880 SF Retail and Side-by-Side Duplex
Marketing description
Extremely rare opportunity with huge upside. Positioned on a hard corner immediately off the I-77 freeway exit seeing over 93,000 VPD is a 2,880 SF retail building with an all brick side-by-side duplex on the back half of the parcel which is included in the sale. The retail building is occupied by a cell phone sales and repair store with a 5 year lease. The duplex just underwent extensive renovations with ownership investing $75,000 into the duplex including: new roof (2025), vinyl windows (2025), updated flooring, paint and complete unit turns making this ideal for an investor looking for a turn key multifamily/retail investment. Situated in the primary retail corridor of Canton, OH surrounded by national and local tenants such as: Walmart, Altman Hospital, KFC, WingStop, CVS, Subway, Huntignton Bank, Giant Eagle, UPS, Five Below, and more! High traffic counts in front of the property of 22,337 VPD! Huge opportunity to add value by bringing the retail property to market rent when the initial lease ends in 2029 which would increase the income by more than $25,000 annually, increasing the cap rate to an expected %. The duplex features 3 beds and 1 bath in each unit with separtely metered gas and ecletric for each unit allowing the tenants to pay for their own utilities. Reach out today for a copy of the Offering Memorandum and to schdule a tour.
Investment highlights
- 2,880 SF RETAIL BUILDING OCCUPIED UNDER A 5 YEAR NN LEASE
- SIDE-BY-SIDE BRICK DUPLEX IN THE REAR OF THE LOT
- HIGH TRAFFIC COUNTS OF 22,337 VPD
- LOCATED AT THE ROUTE 77 FREEWAY EXIT
- POSITIONED IN THE PRIMARY RETAIL CORRIDOR WITH NATIONAL TENANTS SUCH: AS WALMART, MCDONALDS, CHIPOTLE, WINGSTOP, AUTOZONE AND MANY MORE!
- OWNERSHIP INVESTED APPROXIMATELY $65,000 INCLUDING: NEW ROOF, WINDOWS, KITCHENS, BATHS, FLOORING, ELECTRICAL AND MORE!
- SEPARATE GAS AND ELECTRIC METERS FOR ALL UNITS
- DENSE POPULATION WITH 13,416 PEOPLE IN A 1 MILE RADIUS.
Listing Contacts
Listed by Century 21 Commercial
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