3154 Lincoln WayMassillon, OH 44647

For Sale
$300,000

High-Yield Retail Property, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fully leased, three-tenant retail plaza situated in Massillon, Ohio, at 3154 Lincoln Way NW, zip code 44647. The property boasts a total of 3,770 square feet, spread across three units within a single, one-story building constructed in 1969. Currently operating at 100% occupancy, this Class D retail plaza generates a substantial net operating income (NOI) of $30,327, translating to an attractive 10.11% capitalization rate. The asking price is $300,000, representing a price per square foot of $79.58. The property sits on a 0.36-acre lot and is zoned B1. The property's location at the corner of 32nd Street and Lincoln Way NW provides excellent visibility and accessibility. The building's features include a single building on a single story. The property's APN is 602639, 608283. This is a prime opportunity for investors seeking a stable, high-yielding retail investment in a desirable location. Note that an adjacent 4,308 square foot vacant building on a 0.48-acre lot is available for separate purchase at $175,000. This presents a potential for expansion or additional income streams.

Highlights

  • $300,000 asking price for a 3,770 SF retail plaza in Massillon, OH.
  • 10.11% cap rate with a $30,327 NOI.
  • Fully leased, multi-tenant property (3 tenants) with 100% occupancy.
  • Located on a 0.36-acre lot at 3154 Lincoln Way NW, Massillon, OH 44647.
  • Built in 1969, this single-story Class D building is zoned B1.

Property Details for 3154 Lincoln Way

Property type
Other retail properties, Shopping centers
Square Feet
3,770 SF
Class
D
Year Built
1969
Buildings
1
Stories
1
Lot Size (sq. ft)
15,682 SF
Units
3

Location Insight

City
Massillon
County
Stark
State
Ohio
Latitude
40.7963295
Longitude
-81.5707426
3154 Lincoln Way, Massillon, Ohio

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3154 Lincoln Way
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