2241 Tuscarawas Street WCanton, OH 44708

2241 Tuscarawas Street WCanton, OH 44708

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$289,900 Active
Commercial - Retail MLS 5195997

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

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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.

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 7030hanbysloop.cutlerhomes.com today.

Property Features

Property Type: Commercial - Retail
Basement: Yes
Basement: Common Basement, Full, Unfinished
Days on Market: 1
Heating: Forced Air, Gas
Lot Size: 0.14 Acres
Roof Type: Asphalt, Fiberglass, Flat, Membrane
Stories: 2.0
Taxes: $3,008 / year
Year Built: 1921

Feature Descriptions

Building Features: Private Restrooms, Reception Area, Sign(s)
Fencing: None
Parcel#: 00245838
Sewer: Public Sewer
Units: 4
Water: Public

Local Schools

School District: Canton City

Demographics

Stark County Demographic Information for 2241 Tuscarawas Street W, Canton, OH 44708
Fips
Fips Code 39151
Population
2020 to 2025 Change down 0.3%
2010 Count 375,586
2020 Count 374,853
2025 Estimate (V2025) 373,771
2020 Estimate (V2025) 374,864
Age Distribution (Years Old)
0 to 4 5.2%
5 to 17 21.3%
18 to 64 52.1%
65 and Older 21.4%
Gender
Male 48.9%
Female 51.1%
Place of Birth
Foreign 2.2%
US 97.8%
Education
High School Graduate, Age 25+ 93.2%
Bachelor's Degree or Higher, Age 25+ 25.9%
Computer and Internet use
Households with a computer 94.1%
Households with a broadband Internet subscription 87.4%
Language
English is Second Language, Age 5+ 3.1%
English is First Language, Age 5+ 96.9%
Veterans
Veterans 20,943
Income
Per Capita Income $36,762
Median Household Income $67,934
People in Poverty 12.4%
Commute
Average Work Commute Time 22 minutes
Housing
Total Housing Units 167,998
Households 155,955
Average Household Size 2.35
Owner-Occupied 69.2%
Multi-Family 20.0%
Owner-Occupied Median Value $186,400
Median selected monthly owner costs -with a mortgage $1,336
Median selected monthly owner costs -without a mortgage $516
Median gross rent $909
Building Permits
New Private Housing Issued 2024 528
Years at Residence
1 Year or More 90.4%
Less Than 1 Year 9.6%
Business and Employment
Private non-farm Establishments 8,181
Private non-farm Employment 139,706
Private non-farm Employment Growth down 2.9%
Nonemployer Establishments 28,377
Number of Firms 6,052
Business Production
Value of Shipments $11,181,630,000
Wholesale Trade $3,874,927,000
Retail Trade $5,377,131,000
Retail Sales Per Capita $14,219
Accommodation and Food Services $745,822,000
Land
Land Area 575.27 sq. miles
Population Per Square Mile 653

Source: US Census Bureau