4434 Wadsworth RdNorton, OH 44203

Property Details for 4434 Wadsworth Rd

Year built

1955

Construction

FRAME

Lot size

0.80 AC

Property size (Sq ft)

3,460 SF

Property type

Retail space

APN

46-08851

APU

4608851

Description

This exceptional retail investment opportunity presents a 3,460 square foot, single-story building situated on a 1.4-acre lot at 4434 Wadsworth Rd, Norton, Ohio, 44203. The property, built in 1955 and renovated in 2017, is zoned B-1 Central Business District and boasts a convenient location at the northeast corner of S. Medina Line Rd. and Wadsworth Rd., offering excellent visibility and accessibility. The building currently houses two units, a thriving convenience store and grocery store, and another tenant, generating rental income. The asking price is $595,000 ($171.97/sq ft). This turnkey operation includes inventory and presents significant growth potential through expanded hours, product lines, marketing, and online sales. Its prime location is approximately 3 miles from Downtown Wadsworth, 4 miles from The Winery at Wolf Creek, 8 miles south of Montrose, and 11 miles from Downtown Akron, ensuring access to a substantial customer base. The business has a proven track record since 2017, offering a solid foundation for continued success. This is a rare opportunity to acquire a well-established business, building, and inventory in a high-traffic area. The property's APN is 4608851.

• CAP approach

  CAP return

  Valuation

  6%

  $967,279

  6.5%

  $892,873

  7%

  $829,096

• Comparable approach

  Method

  Valuation

  Relative Method

  $815,594

  Geo Method

  $815,594

• Alternative Use

  Use

  Valuation

  Residential

  $753,172

  Hospitality

  $689,901

  Educational

  $573,990

  Medical

  $593,730

  Retail

  $892,873

Location Insight

City

Norton

County

Summit

State

Ohio

Latitude

41.0469

Longitude

-81.6873

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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