For Sale
$199,000

516 High StWooster, OH 44691

High-street retail & rental home. Great ROI!

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use property in Wooster, Ohio, presents a compelling owner-user or investment opportunity. Located at 516 W High St, this 1,852 square foot building boasts a versatile layout ideal for retail or office space. The property features a reception area, lobby, seven offices, storage rooms, and restrooms. Two separate entrances offer flexibility for dividing the space to suit various business needs. Currently, the retail space is vacant, providing immediate potential for lease income or owner-occupancy. A newer roof adds to the property's value. The property also includes a separate rental home located at a different address (338 Hall St), generating additional income. This 976 square foot bungalow features two bedrooms, one bathroom, a basement, and currently leases for $791 per month, with the tenant responsible for all utilities. The property sits on a 0.28-acre lot and was built in 1987. The property is currently 100% occupied, offering immediate cash flow. The net lease structure ensures a streamlined ownership experience. This is a multi-tenant property with significant upside potential. The Wayne County location and High Street address provide excellent visibility and accessibility. The asking price is $199,000. This is a rare opportunity to acquire a mixed-use property with both immediate income and significant long-term growth potential. The APN is 59-01396-000.

Highlights

  • Mixed-use commercial property in Wooster, OH, offering owner-user or investment potential.
  • 1,852 sq ft building with retail/office space, reception area, seven offices, storage, and restrooms; two separate entrances.
  • Currently 100% occupied, generating immediate cash flow via net lease structure.
  • Includes a separate 976 sq ft, 2-bed/1-bath rental home leasing for $791/month.
  • 0.28-acre lot, newer roof, asking price $199,000.

Property Details for 516 High St

Property type
Retail properties, Mixed-use properties
Square Feet
1,852 SF
Year Built
1987
Lot Size (sq. ft)
12,197 SF

Location Insight

City
Wooster
County
Wayne
State
Ohio
Latitude
40.843697045587
Longitude
-81.770665090222
516 High St, Wooster, Ohio

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516 High St
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