302 Liberty StWooster, OH 44691

Property Details for 302 Liberty St

Year built

1950

Lot size

0.12 AC

Property type

Retail properties

Property subtype

Parking lots & garages

APN

64-00243-000

APU

6400243000

Description

This exceptional 6,000-square-foot creative office space, formerly Larry's Music Center, presents a unique opportunity in the heart of downtown Wooster, Ohio. Located on a desirable corner lot, this single-tenant property boasts a rich history, having been built in 1920 and extensively renovated in 2005. The building's single-story design offers convenient accessibility, while the C-4 Central Business zoning allows for a variety of uses. The property includes 21 on-site parking spaces, a significant advantage in a bustling downtown area. Further enhancing its appeal is access to a programmable digital marketing sign, providing excellent visibility and advertising potential. The building's 6,000 square feet of vacant space provides a blank canvas for a creative tenant seeking a unique and well-located office environment. Situated in Wayne County, Ohio, with a Wooster, OH 44691 zip code, this property offers unparalleled convenience and exposure. This is an exceptional opportunity to establish a presence in a thriving downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,486,982

  6.5%

  $1,372,598

  7%

  $1,274,556

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,253,799

  Geo Method

  $1,253,799

• Alternative Use

  Use

  Valuation

  Residential

  $1,157,838

  Hospitality

  $1,060,574

  Educational

  $882,385

  Medical

  $912,731

  Retail

  $1,372,598

Location Insight

City

Wooster

County

Wayne

State

Ohio

Latitude

40.799

Longitude

-81.9365

CBSA code

49300

CBSA name

WOOSTER, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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