689 Colony RoadCanal Fulton, OH 44614

689 Colony RoadCanal Fulton, OH 44614

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$599,000 Active
Commercial - Business MLS 5207162 New to the Market

Listed By

Agency Name: RE/MAX Showcase
Agency Contact: EvonneSnyder@Remax.net, 330-464-9699

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Turnkey, income-producing 8-unit apartment complex in the heart of Canal Fulton. This fully occupied property delivers immediate cash flow with a proven rental history and stable tenant base. The unit mix includes four 1-bedroom and four 2-bedroom units, providing diversified rental income. Each unit features a private basement with laundry hookups--an added tenant convenience that supports retention and reduces shared maintenance. Operating efficiency is a key highlight: gas and electric are separately metered and paid directly by tenants, minimizing owner expenses. All units are equipped with central air conditioning, enhancing marketability and rental demand. The property includes two drive entrances and large paved parking area, offering ease of access and ample parking capacity. Well maintained and priced to sell, this is a strong addition to any portfolio--ideal for investors seeking immediate returns.

689 Colony Road | MLS# 5207162

This commercial property located at 689 Colony Road, Canal Fulton, OH 44614 is currently listed for sale with an asking price of $599,000. Colony Road is located within the Northwest Local school district. Search Canal Fulton real estate on 7030hanbysloop.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business
Basement: Yes
Basement: Full, Unfinished
Cooling: Central Air
Heating: Forced Air, Gas
Lot Size: 0.61 Acres
Roof Type: Asphalt
Taxes: $7,731 / year
Year Built: 1981

Feature Descriptions

Parcel#: 09501695
Parking: Additional Parking, On Site
Sewer: Public Sewer
Units: 8
Water: Public

Local Schools

School District: Northwest Local

Demographics

Stark County Demographic Information for 689 Colony Road, Canal Fulton, OH 44614
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