861 Wooster RdBarberton, OH 44203

Property Details for 861 Wooster Rd

Year built

1900

Lot size

0.15 AC

Property size (Sq ft)

5,151 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

01-02856

APU

102856

Description

This exceptional mixed-use property at 861 Wooster Road W, Barberton, OH presents a remarkable investment opportunity. The 5,151 square foot building, constructed in 1900, is situated on a desirable 0.15-acre corner lot (58 x 110 feet) and is zoned C-2 Commercial Business. Originally a bar/restaurant, the main level retains its charm with a fully equipped commercial kitchen, horseshoe bar, walk-in cooler, open dining area, and original hardwood floors. Eye-catching interior and exterior murals add to its unique character. Two restrooms and a full basement with gas forced-air heat and central air conditioning provide ample storage and operational space. Upstairs, two income-producing apartments generate additional revenue. One apartment features one bedroom, one bath, a kitchen, and a living room, currently rented for $600 per month. The second apartment offers two bedrooms, one bath, a kitchen, and a living room, rented for $300 per month. Tenants are month-to-month and responsible for their own gas and electric. The owner covers water, sewer, and trash expenses. The property includes asphalt parking, public water and sewer, and boasts a half-year tax assessment of $1,399.24. Parcel number is 0102856. This versatile property is adaptable to a variety of uses, making it an ideal investment for entrepreneurs seeking a profitable venture in a thriving location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,440,016

  6.5%

  $1,329,245

  7%

  $1,234,299

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,214,198

  Geo Method

  $1,214,198

• Alternative Use

  Use

  Valuation

  Residential

  $1,121,268

  Hospitality

  $1,027,075

  Educational

  $854,515

  Medical

  $883,903

  Retail

  $1,329,245

Location Insight

City

Barberton

County

Summit

State

Ohio

Latitude

41.0114

Longitude

-81.6211

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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