4147 Burbank RdWooster, OH 44691

Property Details for 4147 Burbank Rd

Year built

1997

Lot size

1.27 AC

Property size (Sq ft)

3,742 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

67-02863-072

APU

6702863072

Description

This exceptional 3,742 square foot freestanding restaurant building presents a unique opportunity in a thriving Wooster, Ohio location. Situated on a generous 1.27-acre lot, the property enjoys unparalleled visibility at the entrance to a major shopping center anchored by national retailers such as Hobby Lobby, Dick's Sporting Goods, and Walmart. The surrounding area boasts a robust mix of established businesses, including Lowe's, Kohl's, Best Buy, Petco, T.J. Maxx, Ulta Beauty, Tractor Supply, Michaels, Old Navy, PetSmart, Staples, ALDI, and Meijer, ensuring a consistent flow of potential customers. The property's strategic placement within this high-traffic retail hub is further enhanced by its proximity to a diverse range of established restaurants, including Longhorn Steakhouse, Applebee's, McDonald's, Chipotle, Penn Station, Taco Bell, Burger King, Jersey Mike's, Red Lobster, Panda Express, Starbucks, Five Guys, and Wendy's. This prime location offers significant potential for a variety of restaurant concepts, benefiting from the established customer base and high visibility within this busy commercial area. The single-tenancy building provides ample space and flexibility for customization to suit individual business needs. This is an exceptional opportunity to establish a successful restaurant in a highly desirable and well-established retail environment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,046,115

  6.5%

  $965,645

  7%

  $896,670

• Comparable approach

  Method

  Valuation

  Relative Method

  $882,067

  Geo Method

  $882,067

• Alternative Use

  Use

  Valuation

  Residential

  $814,557

  Hospitality

  $746,130

  Educational

  $620,772

  Medical

  $642,121

  Retail

  $965,645

Location Insight

City

Wooster

County

Wayne

State

Ohio

Latitude

40.8502

Longitude

-81.9462

CBSA code

49300

CBSA name

WOOSTER, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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