Listed By
Agency Name: Century 21 Homestar
Agency Contact: takacs.century21@gmail.com, 440-567-8047
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575
Choose a date and time to see 2241 Tuscarawas Street W, Canton, OH 44708.
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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 $65,000 into the duplex including: new roof (2025), vinyl windows (2025), updated: electric panels, kitchens and baths, 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 19%. 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.
Source: US Census Bureau
2241 Tuscarawas Street W | MLS# 5195997
This commercial property located at 2241 Tuscarawas Street W, Canton, OH 44708 is currently listed for sale with an asking price of $289,900. Tuscarawas Street W is located within the Canton City school district. Search Canton real estate on 906e18thavenue.cutlerhomes.com today.