164 High StWadsworth, OH 44281

Property Details for 164 High St

Year built

1926

Construction

WOOD

Lot size

0.23 AC

Property size (Sq ft)

2,529 SF

Property type

Office buildings

APN

040-20A-17-064

APU

04020A17064

Description

This exceptional 2,385 square foot office building, situated on a 0.23-acre lot at 164 High Street in the heart of historic downtown Wadsworth, OH, presents a remarkable investment opportunity. The property boasts a beautifully remodeled exterior and interior, offering a blend of classic charm and contemporary functionality. The first floor features a spacious open office area, perfect for collaborative workspaces, complemented by a convenient kitchenette and a public restroom. Multiple public and private entrances ensure easy access and flexibility. A private office with its own entrance and restroom provides a dedicated space for executive functions or specialized work. Extensive recent updates include a new roof, furnace, central air conditioning system, windows, siding, concrete work, and electrical upgrades, minimizing future maintenance concerns. The unfinished second floor presents a wealth of possibilities for expansion. This space could be customized to create additional office space to accommodate business growth, or developed into a separate rentable unit, generating supplemental income. The combination of prime downtown location, private parking, and the potential for significant customization makes this property a truly unique offering. Secure your place in Wadsworth's vibrant business community. The asking price is $325,000.

• CAP approach

  CAP return

  Valuation

  6%

  $480,958

  6.5%

  $443,961

  7%

  $412,250

• Comparable approach

  Method

  Valuation

  Relative Method

  $236,563

  Geo Method

  $236,563

• Alternative Use

  Use

  Valuation

  Residential

  $550,512

  Hospitality

  $504,266

  Educational

  $419,543

  Medical

  $433,972

  Retail

  $652,623

Location Insight

City

Wadsworth

County

Medina

State

Ohio

Latitude

41.0273

Longitude

-81.7301

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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