For Sale Build To Suit Leasing

Transcription

1 For Sale Build To Suit Leasing A Mixed-Use Development (Giant Eagle Shadow Anchor) Canal Fulton, Ohio (Stark County) Owned & Developed by: Christoff

2 1 Overview On behalf of Locus Ventures, LLC, the commercial, office and multifamily land (Mixed-Use Development) is being offered for sale, build to suit or for lease. The commercial land is situated on 5.52 acres and the future multifamily/residential/medical land is situated on acres, totaling acres. The site has excellent visibility along Portage Street and Locust Street with a total of feet of frontage and is located in a growing market within the Canal Fulton corridor. This property includes an easement agreement with Giant Eagle, for vehicle access to/from Portage St. & Locust St, as well as access to/from Towpath Ave. The development land sits next to Giant Eagle. Access to I-77 and Rt. 21 are less than a 4.5 miles and 1.5 miles from this proposed development. Canal Fulton is located approximately fourteen miles from downtown Akron, 21 miles from Canton and 42.5 miles from Cleveland. Growth in Canal Fulton has resulted in an approximate 26% increase in population within one mile, over the past ten years. This site presents a tremendous opportunity for a retailer, restaurateur and/or commercial enterprise to capture people from a dense local population anchored by Giant Eagle. The population in a 3-mile and 5-mile radius is 20,560 and 64,638 and average household income is approximately $92,831 and $86,885 within a 1-mile and 3 mile radius. The traffic counts are as high as 11,600 cars per day. The site will offer retailers a superior alternative to their local competition due to superior access and roadways, site flexibility and proximity.

3 2 Site Information Address: Canal Fulton, Ohio County: Property Size: Stark Commercial /- Acres Agricultural / Mixed-Use /- Acres Land Sale Price: Building Size: Year Built: Total Available Space: Zoning: Utilities: negotiable up to 120,000 SF (Commercial Land) New Construction / Build to Suit up to 120,000 SF (Commercial Land) Commercial/Agricultural Water, Gas, Electric, Telephone Traffic Count: Daily Traffic Counts: 7,600 11,600 (Source: MORPC) Demographics 3 Mile 5 Mile 7 Mile 2018 Population Projection 16,220 42, Household Projection 6,124 16,395 43, Average Income $72,623 $76,348 $70,453 Source: MORPC for Traffic Count / Loopnet for Population, Age, Household Income.

4 3 Easement Map

5 4 Market Data Local area tenants include Rite Aid, Pizza Hut, Huntington Bank, PNC Bank, Advanced Auto, Domino s Pizza, Marathon Bell Stores, Dairy Queen, Burger King, McDonald s and Giant Eagle Store. The historic town of Canal Fulton is located in the northwest corner of Stark County among the Erie and Ohio canals and the Tuscarawas River. Canal Fulton s Historic District, which is listed in the National Register of Historical Places, has over eighty sites including buildings and homes. Canal Fulton offers the advantages of living in a close-knit community of historic beauty with the convenience of being a short drive of larger metropolitan areas of Stark, Summit and Cuyahoga counties. Located approximately 11 miles west from the Akron Canton Regional Airport, 8 miles west from North Canton, OH and 14 miles south of Akron, OH. Canal Fulton Summary (Source: Canal Fulton serves the surrounding rural area as an education, retail, and transportation center. Several industries are located in the City, but most of the residents commute to work outside the community. In the 1990 s, communities along the Ohio-Erie Canalway began working together to reconstruct the old canal towpath into a multi-use trail. Now with most of this trail completed in Cuyahoga, Summit, and Stark Counties, Canal Fulton has become a destination for cyclists, hikers, equestrian, and bird watchers throughout the region. Tourism has become a major factor in Canal Fulton s commercial life, with its many quaint shops lining Canal Street. Rides on the St. Helena III, one of only four working canal boats in Ohio, also draws tourists from across the state. Canal Fulton remains a vigorous community and its new potential for growth is now just beginning. Christoff 102 W. Main St Suite 507 New Albany, Ohio