2091 Locust St

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2091 Locust St

Canal Fulton, OH 44685
Asking Price
$3.17M
Asset Type
Retail
Class
Class B

What's Special

2091 Locust Street is situated in Canal Fulton, Ohio, positioned along a primary commercial corridor that connects the residential neighborhoods to the city's historic downtown district. The property benefits from visibility on Locust Street, which serves as a main arterial route for local traffic. The surrounding area features a mix of established small businesses, grocery anchors, and service-oriented retailers. Access to the site is provided by a direct entrance off the main road, with proximity to OH-93 and OH-21 providing regional connectivity to the neighboring markets of Akron and Massillon. The site is suited for retail operations that prioritize local accessibility and consistent neighborhood traffic. Potential use cases include specialty retail, professional service offices, or boutique storefronts. The typical tenant profile includes local entrepreneurs, regional franchisees, or service providers such as insurance agencies or salons seeking a functional presence in a stable community. With its proximity to residential density, the location is positioned to serve the daily needs of the immediate Canal Fulton population.

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NOI
$80,000
Cap Rate
2.52%
DSCR
0.42
Underwater
Cash-on-Cash
-11.39%
Monthly Payment
$15,708.168
Annual Cash Flow
$-108,498.012

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