The Jewel on the Canal A CANAL WATERFRONT COMMERCIAL FREE STANDING BUILDING
If you have the money, who can buy a building? Everyone!
If you have the money, who can buy nice things for the interior? Everyone!
How often is a building you are able to buy is importantenough to act as an economic development catalyst for a community? Not often!
How often as a buyer of a building you are seen as an inspiring power player with great influence as one of the architects of the future of an entire community? And that answer is rarely if not historical.
Visionary Businessperson: A builder of a new dawn is not something that you normally associate with a buyer of commercial real estate.Anyone with or without any experience orexpertise can buy a building, but then again when you are talking about taking a visionary journey, few people are capable of doing, as that requires the ability through intuition and discernment of being able to applyspecial skills that unites and brings together parties through the art of being resourceful, innovative, tuned in, skillful, and artistic and if you just happen to be one of those few, then strap yourself in for the ride of your life.
Withtherareexception, the game plan and mindset of most cities have already been set for years if not decades and buying a building in one of those cities is just occupyingone of the buildings of the existing landscape nothing more nothing less. However: Canal Fulton is that rare exception as it was only in April 2018 that City Council approved the fist ever branding identity in the then city’s 204 year history as “Ohio’s Gateway to Outdoor Recreation”.The branding identity and branding image as shown herein is the official branding identification that will represent the city moving forward into the future and as shown herein and you will see how the city infrastructure and this building are keenly interconnected as the building is positioned and primed to be part of the future and how the business connections are interconnected and compatible fitting together like a puzzle striking at the heart of supporting and improving thebottomline of your business.
THE DECADES OLD MANTRA OF LOCATION, LOCATION, LOCATION is giving way to the new mantra of the 21st century Internet Connectivity. Imagine a location where you are connected to the 21st century and where the stress of competition is balanced with the natural calm of nature by having the historic Ohio & Erie Canal and the Stark County Park system in your backyard. This is the best of all worlds and with the acquisition of this building you will be "connected" where “MCTV has availability for construction of synchronous fiber optic internet access. MCTV can also provide many types of voice solutions which include hosted voice systems, analog POTS telephone lines, SIP Trunks as well as PRI telephone service.”
What is your motivation or the legacy you will want to leave?
People have different motivations where one is happy just to turn the key to open the door whereas another takes pride in being able to tell their children or grandchildren with a smile on their face that they were able to put their stamp on the community and helped to make it what it has become. Another bonus is that with this building there is another opportunity that awaits and that is to be able to live in the building with your family at the same time if you want to use the building as an owner occupied operation vs. as an investment property which then opens up additional opportunities.
Because of the multiple zoning uses if there is a stay at home caretaker here is an excellent opportunity to put into reality that passion that you have always had to open up your own bakery to a restaurant or an interior design firm to an antique store or if you are into community or charitable work how about a dance or musical workshop or a theatrical playhouse where you could be instrumental in the community in teaching people the importance of giving back and making a difference?
Thingsare changingin the neighborhood:The neighborhood once thought to just be incidental and separate from the acquisition of a property has taken on a whole new meaning. Developers, investors, entrepreneurs and owner occupied property owners are reaping the rewards and seeing impressive growth possibilities by becoming involved in communities that are evolving and growing and by incorporating in a community’s history and makeup these changing neighborhoods are in demand letting owners maximize rent and seek the highest and best use of their property where properties offering multiple use types to satisfy multiple opportunities in changing neighborhoods is the new challenge and game plan.
In Today’s Money A $1 Billion Irreplaceable Asset in Your Backyard
The Ohio & Erie Canal is almost 200 years old thatis an 110 mile long canal corridor extending from downtown Cleveland to New Philadelphia cutting through 4 different counties, 4 different county park districts and 58 communities that attracts over 2.5 million visitors annually. The canal corridor generates annually over $408 million in visitor spending. Currently the canal corridor is monitored by two Ohio & Erie Canal groups that receive federal dollars and since the 1990’s have been able to invest over $350 million in infrastructure improvements including connecting the canal to the canal communities.
How important is the Ohio & Erie Canal?
The Convention & Visitor Bureaus of Cuyahoga, Summit, Stark and Tuscarawas Counties are working together for the first time where one area of focus is the Ohio & Erie Canal because it attracts outdoor recreation that attracts Millennials which are the target group. The exposure that will be generated will create a new canal niche market where Canal Fulton being tied to outdoor recreation is positioned to be in a prime spot to be able to possibly dominate and control this new market niche that will develop.
The new Pro Football Hall of Fame Villagelocated less than 14 miles away is estimated to generate $15.3 billion over the subsequent 25 year period averaging $612 Million per year in consumer spending once completed and up and running estimated in the early 2020’s. By comparison, the Ohio & Erie Canal Heritage Corridoris already up and running and based upon the existing level of visitor spending over that same 25 year period of time without factoring in any increases would total $10.2 billion or $408 million per year average. Broken out to the Stark County section only would be approximately$2.32 billion. 52% of the visitors to the canal corridor find their way to the Stark County section that runs behind the building making it the top draw along the entire 110 mile long canal corridor.
How Important Are The Millennials?
A March 1, 2018 study by the Pew Research Center where Millennials are expected to overtake Boomers in population in 2019 as their numbers swell to 73 million and Boomers decline to 72 million. Generation Xare projected to pass the Boomers in population by 2028. In 2020 the Millennials will peak at 86 million. By 2050, the Millennials are expected to be 74.3 million whereas the Baby Boomers will be at 16.6 million. Connecting to the Millennials of today is connecting to the future and Canal Fulton is connecting to the future.
Jobs Now Follow The Millennials:
According to the Ohio Municipal League that almost every city or village in Ohio is a member of that provides as a sounding board and insight to city and village officials on legislation, market trends, etc., according to this group, “unlike previous generations, the Millennials workforce doesn’t choose to locate based on where the jobs are, but now, the jobs follow the Millennials”. Because of this shift it is making it crucial for municipalities to create downtown "places" where millennials can work, live and play creating the ambiance for Millennials to want to be there and businesses and jobs will follow. Connecting to the Millennials of today, Canal Fulton is connecting to the jobs of tomorrow.
Power of Outdoor Recreation:
According to the Outdoor Industry Association, outdoor recreation is an $ 887 billion industrythat has shown to be an economic development catalyst. In terms of total size it is only second to the healthcare industry. Within that report they identified 10 different categories that make up that industry where between Canal Fulton and Stark Parks (County Park System) they have 8 of the 10 in place making Canal Fulton an outdoor recreation destination and paradise. The State of Ohio Tourism Department is promoting outdoor recreation as an attraction and the Ohio & Erie Canal is one of the top tourism draws in Northeast Ohio. Outdoor recreation and health and wellness has become an ever increasing common denominator connecting businesses and industries together.
The following quote is from the Outdoor Industry Association that is the largest organization in the country that deals with outdoor recreation for the past 30 years. “Counties with outdoor recreation economies are more likely to attract new residents with greater wealth and have faster-growing wages than their non-recreation counterparts”.
Within the “2016 National Park Visitor Spending Effects” report, it stated that communities within 60 miles of a national park throughout the country shared in a collective $18.4 BILLION in direct spending by 331 million park visitors in the year 2015 and the Stark County Canal Corridor and Canal Fulton is within that 60 mile spending radius of the Cuyahoga Valley National Park.
Canal Fulton is a Power Player
The city’s branding identity is the first in the city's 205 year history: Ohio’s Gateway to Outdoor Recreation
A property that abuts up to a body of water has an increased value, but what else impacts that increased valuation? Location, Location, location would also apply to waterfront properties and the Canal Fulton community has what no other community has that makes it unique.
Over the 110 mile long Ohio & Erie Canal Corridor there is only about 10-15% that has water on a year round basis and Canal Fulton is one, but is also has something else. It is also the only community whose entire city boundary abuts up to the canal and if commercial waterfront properties have an average increase in value of 35%, where does that make Canal waterfront properties having this unique feature?
Canal Fulton has one of only four operating canal boats in the entire State of Ohio and may be the last remaining authentic 19th Century canal town left making it a top tourist and historical destination.
Canal Fulton is what America wants
The results of an Urban Land Institute 2015 survey identifying “What Do We Want In Our Communities?
Top of the priority list is a healthy environment.
38% of Americans say there is a lack of convenient outdoor spaces in which to run, walk, or exercise in their community.
If They Could Live Anywhere, 42% of Americans would live in a rural/small-town area.
A National Scenic Bywaymust have one or more of six "intrinsic qualities": archaeological, cultural, historic, natural, recreational, and scenic designed to promote Tourism and Economic Development. Ohio currently offers 27 Scenic Byways, five of which are nationally designated. The Ohio & Erie Canal National Heritage Area that runs through Stark Countyis one of the nationally designated ones whose purpose to draw people from the freeways to the rural roads. The Scenic Byway runs through downtown Canal Fulton attracting people to visit.
Bike and Foot Race Capital:Downtown Canal Fulton has earned an industry wide reputation as a recognizabledestination for both foot and bike races where multiple races take place each year from recreational to competitive drawing participants from around thecounty, state, nationallyand international competitors.
National Bike Route Designation:ODOT will be designating thecanal towpath as U.S. Bike Route 21 that will put Canal Fulton on the bike enthusiast map on a national basis and the City of Canal Fultonand the County Park District are working together on a bike friendly network to connect the city back to the canal towpath including the new YMCA project and city park development.
Equestrian Destination:Canal Fulton is currently in discussions with Stark Parks to create a major equestrian trial and campground that will provide an accommodation that is in high demand, but in short supply throughout the state and this would be a site that could draw from a large area to camp and ride the trails.
Astro-Tec:High technology firms call Canal Fulton home such as Astro-Tec recognized as a world leader in the planetarium dome field that involves the design and manufacture of astro science equipment. Other areas of expertise include the design and construction of flight simulators, specialized projection screens, multi-media theaters and observatory domes.
You are in business to make money and this is taking money right out of your pocket right in front of you!
We have become far to accustomed to hearing the words“stress” or “stressed out” that we often just associate it with something like a headache where you just take an aspirin and it goes away. It would be nice if it did work that way but it does not. Stress is part of our primordial makeup of fight or flight response connected for survival where you cannot just wish or hope for it to go away or a boss cannot order or demand for it to to away as a person’s innate survival mode is just too strong. Stress is thought of as the 21st Century disease that has devastating effects on a business.
Based upon studies, look at how Stress impacts a workforce: That 75%-90% of all visits to primary care physicians are for stress related problems. That 50%-80% of all physical disorders have stress of psychosomatic related origins. That 75% of all work illness is stress related. That 40% of all job turnover is due to stress.
33% claimed low productivity due to unhealthy lifestyles. 34% claimed low productivity due to stress and depression.
According to U.S. News, “companies pay office workers about 20 times more in salary and benefits than they pay in real estate. If cutting real estate expenditures by 10% leads to a 10% loss in productivity, your company loses $2 for every 10 cents saved”. Improving employee performance is the best return on investment. There is a big and clear distinction between human capital and physical capital. Whereas physical assets depreciate with time, due to wear and tear even with regular maintenance, human capital has the potential to evolve and to self improve and become greater, while physical capital lacks that similar capability. Companies with a majority of highly engaged employees experience nearly 20% improvements in operating income, conversely, companies with a majority of disengaged employees typically experience about 30% declines in operating income which represents a 50% swing.
How do companies try to combat stress? To combat stress some companies have installed different amenities or services for their employees as intended distractions as stress/anxiety busterssuch as ping pong tables, pool tables, TV rooms, free yogurt on Fridays, etc. where the newness becomes short lived and becomes part of the then new norm.
Connection back to Nature
If you are thinking what has got nature to do with improving the bottomline of a business or attracting potential new businesses to your building, then check this out and you will see why. Study after study have shown that human beings have an intuitive and deeply ingrained attraction to nature, and a biological need to contact with the natural world where our physical and mental well-being depends on continued engagement with the natural environment referred to as the biophilia hypothesis.Employees that are unhappy and stressed out are disengaged and that results in a loss of productivity which in turn impacts the bottomline of the company.
Now see how Engaged or happy employees impact a business bottomline:
Engaged employees contribute:
31% higher productivity.
37% higher sales performance.
3 times more creative than their unhappy counterparts.
Nature walks are linked to:
Enhanced mental health and positive feelings.
Significantly lowering levels of depression and feelings of stress.
Increases relaxation and improves stress management resulting in increased vitality and less anxiety, depression, and anger.
Nature gives your brain a break from the everyday over stimulation which can a restorative effect on attention levels.
Lowers blood pressure with a better and more positive outlook on life.
The outdoors boosts your immune system wherescientists think that by breathing in phytoncides airborne chemicals produced by plants and trees or the aroma of the forest increases our levels of white blood cells, helping us to fight off infections and diseases. These benefits also have contributed to lower levels of cortisol, slower heart rates, lower blood pressure, greater activity of parasympathetic nerves that promote relaxation, and reduced activity of sympathetic nerves associated with “fight or flight” reactions to stress, improved concentration, and diminished pain.
In addition to the phytoncides, the outdoors provides you with free aromatherapy.According to science, you really should stop and smell the flowers. Research shows that natural scents like roses, wild flowers and different grasses, freshly cut grass, and pine make you feel calmer and more relaxed.
85% of businessessaid wellness both physically and mentally ranked now at the top of all company initiatives as there is a direct impact on employees productivity that impacts the bottomline.
If the newness of artificial distractions becomes short livedlosing its effectiveness, why not replace it with the authenticity and calm of Mother Nature that is alive and always evolving. Located in the backyard of this building is the Ohio & Erie Canal, Canal Towpath and the Tuscarawas River where you can walk, jog, bike, canoe, kayak, fish, nature watching, bird watching, wildlife to wildflower photography and more for a natural break and then back to work naturally refreshed where the newness never wears off as it continually replenishesitself.
The Key to Business Deals:Both Harvard and Princeton Researchers have found that people decide on your trustworthiness in a tenth of a second where both people ask themselves, "Can I trust that this person has good intentions toward me?" and "Is this person capable?" We often assume that competence is the most important factor and people have a tendency to play this up when trust is the most important factor. In order for your competence to matter, people must trust you first. If there's no trust, people actually perceive competence as a negative. People don't just read into who you are from your appearance, but also from the way you move to give a sense of your personality as an extrovert and adventurer as confident or cautious and neurotic.
More and more deals are being done outside of the traditional office setting so take advantage of it. Nature is linked to improved focus andincreased attention and relaxation levels that could result in providing that insight that is needed in business deals so why not be different and insightfulby taking them on a nature walk to talk, jogging, bike riding, fishing, bird watching, horseback riding, kayaking or canoeing and finishing it off with a bag lunch sitting along a trail? Of course the key is to have a location to be able to do all of this and this is that location that will give you a decisive advantage over the competition.
Workplace designs and the trend of the future
Workplace designs are now incorporating in anywhere from potted to hanging baskets of flowers and other plant material, gardens and waterfalls to walls of living foliage trying to attach the workforce back to nature.Not only are businesses looking to take advantage of connecting their employees back to nature, thetrend of the future is for entire cities to start to adding living landscape to side of buildings and other structures to start connecting back to nature that is being described as creating Biophilic Communities.
Biophilic Communities:Are bio diverse communities of abundant nature cherishing the natural features that are in close proximity toresidents/businesses that value residents/businesses innate connection and access to nature through abundant opportunities to be outside for all to enjoy the multi-sensory aspects of nature by protecting and promoting nature within the community. A Biophilic City cherishes the natural features that already exist but also works to restore and repair what has been lost or degraded as there is a connection between some of our urban ills and the impoverished design of a lot of modern buildings and environments. CanalFultonhas naturallywhat others aretryingto do artificially.
Cost of Living is 11.4% lower than the national average and nearly 10% for the Cost of Doing Business: Team NEO is part of the robust Northeast Ohio Economic Development network, providing business decision-makers with access to customized solutions that accelerate growth, foster innovation and mitigate risk through a connected and collaborative ecosystem who tries to encourage new businesses and new development to relocate to Northeast Ohio from both national and international markets that has indicated in county reports that the overall cost of doing business in Stark County and the region is nearly 10% lowerand the cost of living is 11.4%below the national average making it a great place to live and work.
Tourism is not what most people think it is. If you have never been involved in tourism before, you might want to give it a though as it represents a huge industry as you will see and you might just be a natural fit. According to the findings of a Key US travel industry growth drivers for 2018 study by Deloitte, “Travel and tourism is one of of the world’s fastest-growing sectors,with bookings hitting close to $1.6 trillion in 2017”.
On a national scale tourism is a power player and according to the American Bus Association, it attracts about 750 million customers annually making it almost as large as the airline industry.
According to the Ohio Tourism organization, tourism in Ohio is a $40+ Billion industry and visitors spend $354 pp for overnight trips and $110 pp for day trip expenditures.
StarkCounty: Within the Strengthening Stark report, the main county report, the county narrowed down the industries tofive (5) categoriesthat have been designated to drive the county economics through the year 2040. Three are in Manufacturing Specialties, Digital Technology and Hospitalityand Tourism.Since 2000 Stark County’s greatest growth has been in the Tourism, Entertainment and Hospitality sector at about 28%.
Stark County:Breaking it down to acounty level,data from the Visit Canton Stark County Convention & Visitor’s Bureau indicate over 581,000 hotel rooms sold and consumer spending of $1.8 billion.
The one area that Boomers and Millennials share a common thread is in Eco-Tourism. Eco-Tourism is the fastest-growing segment in the tourism industry according to The International Ecotourism Society of Washington, D.C as they share a passion for recycling older buildings, green space, outdoor recreationand protecting the environment, whereits practices are influencing hotel chains and even beach resorts to implement more sustainable practices.
Jewel onthe Canal: In Prime Position
This building has what no other known commercial building has along the entire 110 mile long Ohio & Erie Canal Corridor and that is having a commercial development site with direct access to the canal waters and that right was granted back in 1906. This parcel is capable of being developed into an approximately 12,000 SF expansion area to go along with the 21, 120 SF building for a total of 33,120 SF.
The downtown Historic District qualifies for The Ohio Historic Preservation Tax Credit that provides for a state tax credit up to 25 percent of qualified rehabilitation expenditures or QREs and the Federal program provides 20% where they can be stacked for up to 45%. In general, a dollar of tax credit reduces the amount of tax owed by one dollar with a maximum $5 million in Ohio state tax credits. EX: $100,000 spent on approved QREs x 45% = $45,000 or $1 million spent on approved QREs x 45% = $450,000 in tax credits, etc.
With the financial stability of the Ohio & Erie Canaland its reputation as a major draw to Northeast Ohio, on an annual basis the canal acts as an economic development catalysis to drive people to the canal communities and with Canal Fulton being in the center, there is a better than average chance of maintaining property values throughout market fluctuations.
Certificate of Occupancy: The building is zoned B-1-General Retail-Office District with the first floor and the lower level having both the Use Group A1- Assembly Use and B-Business Groupallowing for greater density use types which represents the only known designation of it's type in the Historic District. Conditionally Permitted Uses allows for Rented Apartments above businesses or living space. This Conditionally Permitted Use has been granted where the building owners have been living in the building as their primary residence for the previous 13 years while using the building for the previous 17 years and continuing as live entertainment options.
Conservation Buffer Zone area- Connected to the subject property is an area dedicated by Stark Parks as a Conservation Buffer Zone to help improve species diversity and the benefit of wildlife. This area along the canal has access via a graveled road as the use is identifiedin the Governor’s Deed to remain open to the public providing a non-development designation where the view of the canal will always remain.
Hotel Development Potential Permitted Conditional Use within the zoning: Back in February 2015 a Phase I study was conducted and because the City of Canal Fulton coordinated the study they became the owner of that information and can share it to a qualified party. The study identified Canal Fulton as supporting a 50 room hotel. Contained within the Phase I study, it was stated that "With a 30% estimated equity investment, this support level will generate an annual rate of return, Cash on Cash, of 30.91%. (Adjusting the Equity and/or Desired Rate of Return will adjust the Benchmark Development Costs accordingly.)"
Note: There is no hotel between the cities of Akron and Dover a distance of 50 miles with direct access to the canal representing an opportunity for a hospitality operator. Our development site is the only know commercial development site with direct access along the entire 110 mile long canal corridor and the adjacent vacant lot to our property to our knowledge is still available for sale.
21,120 Gross SF - 18,880 Usable SF
Canal Waterfront - Class B - Free Standing Building.
Zoning B-1 General Retail-Office this zoning allows forvariable uses. The first floor and the lower level additionally have an A1 and B Use Group designation.
High Speed Fiber Optic Internet Connectivity Available.
Ohio Historic Preservation Tax Credit-Stacked Up To 45% In General, A Dollar Of Tax Credit Reduces The Amount Of Tax Owed By One Dollar.
City Branding, “Ohio’s Gateway To Outdoor Recreation”
Back Of Building Is The Ohio & Erie Canal And County Park System Trails For Walking, Jogging And Biking.
Tourism Opportunities Available.
2,000lb Freight Elevator Serving All Floors.
Motion Detector Security System Throughout Building.
Located in the Historic District.
Home to one of only four operating Canal Boats in Ohio.
The downtown is being known as a hip canal canal waterfront community that is changing and attracting the Millennials as a recreational paradise and a place to set their roots for business and home ownership.
Look at the results of anUrban Land Institute 2015 survey identifying “WHAT DO WE WANT IN OUR COMMUNITIES?38%of Americans say there is a lack of convenient outdoor spaces in which to run, walk, or exercise in their community andIF THEY COULD LIVE ANYWHERE, 42%of Americans would live in a rural/small-town area.We HaveWhatAmerica Wants.
The Ohio & Erie Canal is a $1 billion asset that runs through the downtown that throughout the canal corridor attracts annuallyover $400 million in visitor spending.
The canal is a magnet in attracting Outdoor Recreation that is a$887 Billioneconomic development engine as Outdoor Recreation attracts the Millennials.
Four counties working together to target Millennials through outdoor recreation using the Ohio & Erie Canal that runs through downtown and behind the building with future possibility and opportunity to dominate this new canal market niche.
According to the Ohio Municipal League unlike previous generations, the Millennial workforce doesn't choose to locate based on where the jobs are, but now, the jobs follow the Millennials. To attract the Millennials, theythey are looking for locations where they can WORK, LIVE and PLAY. The areas or districts that this can happen, typically involves the downtown which places a greater importance on the role the downtown plays for a community. This building is the largest building in the downtown.
Stark County and the region is nearly 10% lowerand the cost of living is 11.4%below the national average making it a great place to live and work.
Commercial Waterfront Properties:From real estate brokerage houses to real estate research firms, on average the increase in value of a waterfront vs. a non waterfront property = 35% more.
Existing Outdoor Garden Area-Potential 12,000 SF Expansion Possibility: This land has direct access to the canal watersthat was granted back in 1906 that is the same as the main building. This it might be the only commercial development property with direct access to the canal waters available along the 110 mile long canal corridor.
Hotel: There are no hotelsbetween the cities of Akron and Dover a distance of 50 miles with direct access to the canal. We have the only known commercial development site available according to the Ohio & Erie Canal group. Combine this side property with the main building for a rare canal waterfront location.
This piece of land abuts up to a Conservation Buffer Zone that is part of the canal landsto increase species diversity where this area along the canal will always remain open.
Miscellaneous Contents Available Under Separate Agreement.
Upon ASale Owners Will Vacate The Building Within 60 Days.
Buyer Will Be Buying AVacant Building.
There is no one else in the downtown that can do what we do and because the historical buildings cannot be changed, our building will always remain the main building downtown so whomever buys the building will always be in the drivers seat as having the largest building with the most rentable SF and the only building that can hold the most people for a dinner show type events, entertainment, etc.
Owner Operator-Entrepreneurial Opportunity.
As The Owner Operator-Live With Your Family In The Building As Your Residence.
When it comes to vacant retail building there are no other known buildings in the entire State of Ohio that includes this much SF at 18,880 SF at this asking price of $48 SF.
No. Stories: 3 + partial lower level
Sale Type: Owner/User
Property Type: Retail/Office
Property Sub-type: Storefront Retail/Office
Building Class: B
Year Built: 1906
Lot Size: 0.19 AC
APN/Parcel ID: 09502062
The building has a lot of space to be able to operate your business out of while at the same time to also be able to have the opportunity to put into reality a passion that has been lingering and bantered around, but that does not mean you still cannot have those things on your “wish list” beyond the need and typical want list. A clothing closet is a need, a large closet is a want, but having a ginormous closet is a wish. The average size house in the US is 2598 SF. You could have a closet for your clothes, shoes, jewelry that is bigger than an entire house or even a store and that is what you call ginormous.
You want a commercial size kitchen, you have the room for it.
You want a large entertainment area that could hold an 18 piece orchestra, you have the room for it.
You want a large kids play area, withorwithoutmodifications you could even add an interior climbing wall.
The fact that it has a commercial zoning a buyer could both live and work under the same roof combining a previous house and business payment into one mortgage.
NatureDeficitDisorder forchildren:Researchers have found a disorder that affects a child’s development. They found that children who lived closer to nature and had more opportunities to be in the natural world were:
Less stressed out with life. Lower blood pressure. Better motor coordination and concentration. Reduced life’s stressors with the ability to slow down.
A location where you can operate your business out of, make your passion and dream become a reality, get your “wish’ list and if you have children to then get the health benefits of nature for them as well, it sounds like there is something for everyone.
Studies show: 30 percent of human life is spent working and why it is so important to spend more time with your family by being able to control the balance between the workplace and home life.
Description: Versatile brick building Zoned B-1 General Retail Office District with the first floor and lower level having an A-1 use group (Assembly) designation allowing for greater use flexibility and occupancy density. The building has a gross area of 21,120 sq. ft. with a usable area of 18,880 sq. ft. that the purchase price is based upon spread out over a lower level, first floor, second floor and the third floor with each floor being 5280 sq. ft.
There is a 2,000 lb. capacity freight elevator serving all floors.
Most zoning classifications are industry specific with minor variations whereas Retail is strictly Retail and Office is strictly Office, etc. Although the zoning of this building is B-1 General Retail Office District, this zoning allows great flexibility in multiple other uses such as restaurants, bar, entertainment center, antique store, medical and other health services, theatrical playhouse to hospitality opportunities such as hotel, bed and breakfast inns, tourism and event planning and more. THIS ZONING ALLOWS you the opportunity to diversify and be flexible to any changes that best represent the buildings potential and ability to remain competitive.
Included is an existing garden area that is approximately 37’ x 80’ or 2960 sq. ft. that also has the B-1 use group where the lower level opens up too creating the opportunity to combine for a beer or wine garden with outdoor dining and entertainment where this area abutts up too a Conservation Buffer Zone that is part of the canal lands to increase species diversity where no vehicles are allowed for safety. Included in the price is a side yard currently being used as a rose and flower garden If you are going to be needing expansion space, this garden area could accommodate an approximate 12,000 sq. ft. building increasing the total square footage from 21,120 to approximately 33,120 sq. ft.
Conservation Buffer Zone area- Connected to the subject property is an area dedicated by Stark Parks as a Conservation Buffer Zone to help improve species diversity and the benefit of wildlife. This area along the canal has access via a graveled road as the use is identifiedin the Governor’s Deed to remain open to the public providing a non-development designation where the view of the canal will always remain.
This Conservation Buffer Zone abutts up to the garden area along the canal allowing for that area to always remain open.
Ohio Historic Preservation Tax Credit Program: The downtown Historic District is listed on the National Register of Historic Places and qualifies for the Historic Preservation Tax Credit Program.
The Ohio Historic Preservation Tax Credit provides a state tax credit up to 25 percent of qualified rehabilitation expenditures or QREs and the Federal program provides 20% where they can be stacked for up to 45%. In general, a dollar of tax credit reduces the amount of tax owed by one dollar with a maximum $5 million in Ohio state tax credits. EX: $100,000 spent on approved QREs x 45% = $45,000 or $1 million spent on approved QREs x 45% = $450,000 in tax credits, etc.
Note: Applicants requesting historic preservation certifications by the National Park Service and those interested in the use of the credits are strongly advised to consult an accountant, tax attorney, legal counsel, or the Internal Revenue Service regarding the changes to the Internal Revenue Code related to Public Law No: 115-97.
THE EXISTING tables, chairs, staging area, most of the fixtures, props, furniture, walk in freezer, walk in refrigeration, kitchen equipment and cabinets CAN BE MADE AVAILABLE in part or whole in a separate agreement from the purchase price.
CURRENT USES: The Building is currently being used for live entertainment venues from Escape Room, Team Building, Victorian Wake-Historically Hysterical to charitable and Community events. These events can continue on with any new buyer if interested.
CHAPTER 1169 B-1 General Retail Office District
1169.01 PURPOSE. The purpose of this District is to provide for a variety of retail, service and administrative establishments which are required to serve a large trading area population. (Ord. 22-1972. Passed 8-1-72.)
1169.02 USES. Within a B-1 General Retail-Office District, no building, structure or premises shall be used, arranged to be used or designed to be used except for one or more of the following uses: (a) Permitted Uses.
(1) Department store.
(2) Off-street public parking lot.
(3) Establishments engaged in the retail trade of:
B. Book and stationery store.
C. Apparel store.
D. Florist shop.
E. Antique store.
F. Sporting goods store.
G. Jewelry store.
H. Optical goods store.
I. Furniture, home furnishing, and office equipment and office supplies store.
J. Beverages including liquor.
L. food sales including supermarket.
M. Hardware, paint, floor coverings, wallpaper, materials and objects for interior decorating, auto accessories and repair of household appliances.
N. Preparation and processing of food and drink to be retailed on premises including bakery, delicatessen, meat market, confectionery, restaurant, ice cream parlor, soda fountain.
O. Eating and drinking establishments but excluding drive-in restaurants.
(4) Establishments engaged primarily in the fields of finance, insurance and real estate:
B. Credit agency other than a bank.
C. Investment firm.
D. Insurance carrier.
E. Real estate and insurance company.
F. Investment company.
(5) Establishments engaged in providing a variety of services to individuals and business establishments, such as:
A Personal services such as barber and beauty shops, shoe repair shops, laundries and dry cleaning.
B. Business services such as advertising agency, news services, maid service and employment agencies.
C. Medical and other health services.
E. Legal services.
F. Accounting, auditing and bookkeeping services.
G. Nonprofit, professional, charitable and labor organizations.
H Dance studio and school.
I. Bowling alley.
J. Motion picture and theatrical playhouse.
K. Child and adult day care center.
L. Video rental and sales.
Note: D- Was Omitted from the Codified Ordinance.
6) Accessory buildings incidental to the principal uses which do not include any activity conducted as a business.
(7) Accessory uses clearly incidental to the uses permitted on the same premises.
(8) Travel agency, passenger-transportation agency and terminal.
(b) Conditionally Permitted Uses. The Planning Commission may issue conditional zoning certificates for uses listed herein subject to the general requirements of Chapter 1145 and to the specific requirements of Section 1145.04, referred to below:
(1) Drive-in banking facilities subject to Subsection 102.
(2) Clubs, lodges, fraternal, charitable or social agencies subject to Subsection 102, 103, 105, 110.
(3) Temporary buildings for uses incidental to construction work subject to Subsection 114. (Ord. 22-1972. Passed 8-1-72.)
(4) Veterinarian hospital or clinic. (Ord. 8-1980. Passed 4-1-80.)
(7) Bed and Breakfast Inns subject to Subsections 103 and 117. (Ord. 23-87. Passed 5-19-87.)
(8) First floor apartments subject to subsection 132. (Ord. 7-91. Passed 4-2-91.)
(9) Outdoor dining on public property subject to subsection 133. (Ord. 45-94. Passed 8-16-94.)
(10) Hotel. (Ord. 12-16. Passed 7-19-16.)
The backyard is the Ohio & Erie Canal and the County Park System known as Stark Parks
This rose and flower garden area can support an approximately 12,000 sq. ft. expansion area. This site may represent the only commercial development site with "Direct Access" to the canal available along the entire 110 mile long Ohio & Erie Canal Corridor. Connecting to this site and continuing along the canal is a County Park Conservation Zone that will always remain open to encourage species diversity. The garden area is directly connected to the lower level offering the opportunity to create a beer garden with dining and entertainment options playing off the canal.
In the photo below that is estimated to be circa 1915 shows the "Chew Honest Scrap" sign and here it is over 100 years later and you can still see the sign although faded. The Historical Preservation Society has approved of the repainting and restoring of the sign and the chewing tobacco box.
You could even have an 18 piece orchestra playing for your event
Opportunities of closing off the street in front of the building to expand events. This event was for those with special needs where over 250 people watched.
From students and young people to major corporations, our popular Team Building and Escape Room programs featuring the Fear of the Unknown theme is making an impact.
The neighborhood on a warm summer night of the canal and a portion of the downtown. The subject property is about a one minute walk away. Photo by DoorPost Photography.
Check out this short clip of the downtown community