861 Wooster Rd | Barberton, OH 44203
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861 Wooster Rd
Barberton, OH 44203
Retail Property For Sale
Investment Highlights
- Income Producing
- Conversion Potential (Multifamily or Retail/Services)
- Lower Level Restaurant/Bar, Upper Level Apartments
Executive Summary
For sale- Income producing stand-alone mixed use building. The building is composed of a street level restaurant/bar (currently vacant), and an upper level with 2 apartments: one bed/one bath, two bed/one bath. All utilities including water are separated. Features include a fully operating commercial kitchen, newer roof, well maintained mechanicals, A/C, basement, easy access on hard corner and to interchanges. All FF&E are included. Potential to obtain the adjacent city owned lot directly to the west; additional parking.
Ideal for an owner/operator to earn passive income or an investor to convert to multifamily and/ or retail/services.
Simple Pro-Forma:
Income - $37,500
Expenses - $7,000
NOI - $30,500
Cap Rate - 13%
Ideal for an owner/operator to earn passive income or an investor to convert to multifamily and/ or retail/services.
Simple Pro-Forma:
Income - $37,500
Expenses - $7,000
NOI - $30,500
Cap Rate - 13%
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,151 SF
Building Class
C
Year Built
1900
Price
$229,000
Price Per SF
$44
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.79
Lot Size
0.15 AC
Parking
4 Spaces (0.78 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 01-02856 | Improvements Assessment | $37,573 |
| Land Assessment | $5,583 | Total Assessment | $43,156 |
PROPERTY TAXES
Parcel Number
01-02856
Land Assessment
$5,583
Improvements Assessment
$37,573
Total Assessment
$43,156
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