477 Tuscarawas AveBarberton, OH 44203

Property Details for 477 Tuscarawas Ave

Year built

1900

Lot size

0.05 AC

Property size (Sq ft)

7,200 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

01-04537

APU

104537

Description

This exceptional 7,200 square foot mixed-use property located at 477 W Tuscarawas Avenue, Barberton, OH, presents a rare investment opportunity. Situated on a 0.05-acre lot at a prominent corner location, this iconic brick building offers immense potential for redevelopment. Previously housing Willy's Bar, the space is adaptable to a variety of commercial uses, including retail, office, or a new bar/restaurant concept. The property includes four upstairs apartments, two of which are currently rented, providing a potential secondary income stream. Two additional apartments on the property could also generate income with some renovations. Each apartment has its own electrical service. The sale includes most of the bar equipment, such as bar stools, tables, chairs, coolers, and a draft system. Buyers are encouraged to conduct their own due diligence regarding the building's condition and potential uses. This centrally located property offers easy access to local amenities, including restaurants, banks, and the YMCA, making it an ideal location for a thriving business. The asking price is $225,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,012,835

  6.5%

  $1,858,001

  7%

  $1,725,287

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,697,190

  Geo Method

  $1,697,190

• Alternative Use

  Use

  Valuation

  Residential

  $1,567,294

  Hospitality

  $1,435,632

  Educational

  $1,194,429

  Medical

  $1,235,508

  Retail

  $1,858,001

Location Insight

City

Barberton

County

Summit

State

Ohio

Latitude

41.0131

Longitude

-81.6072

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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