REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 274,900
Est. payment /mo
Price Dropped by $15K
2241 Tuscarawas ST W Canton, OH 44708
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5195997
HOA Y/N No
Year Built 1921
Annual Tax Amount $3,008
Tax Year 2025
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Apartment
Property 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 $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.
Location
State OH
County Stark
Rooms
Basement Common Basement, Full, Unfinished
Interior
Heating Forced Air, Gas
Fireplace No
Exterior
Fence None
Water Access Desc Public
Roof Type Asphalt,Fiberglass,Flat,Membrane
Present Use Multi-Family,Retail
Building
Entry Level Two
Foundation Basement
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Canton Csd - 7602
Others
Tax ID 00245838
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Anthony D Takacs • Century 21 Homestar • takacs.century21@gmail.com, 440-567-8047