516 High StWooster, OH 44691

  • Retail properties
  • 1,852 SF
For Sale
$199,000 View listing

Property Details for 516 High St

Year built
1987
Lot size
0.28 AC
Property size (Sq ft)
1,852 SF
Property type
Retail properties
Property subtype
Other retail properties

Description

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.

516 High St, Wooster, Ohio

Location Insight

City
Wooster
County
Wayne
State
Ohio
Latitude
40.8437
Longitude
-81.7707

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