389 Liberty StWooster, OH 44691

Property Details for 389 Liberty St

Year built

1961

Lot size

0.17 AC

Property size (Sq ft)

2,880 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

64-00965-001

APU

6400965001

Description

This exceptional 2,926 square foot medical office building is situated in the heart of downtown Wooster, Ohio. The property, located at 389 W Liberty St, is a single-tenant building with a Class B designation and boasts a convenient 0.253-acre lot. Constructed in 1980, this two-story building features a practical layout ideal for medical practices. The first floor offers an open room, perfect for a waiting area or reception, along with a kitchen facility. The second floor comprises private offices, providing ample space for consultations and administrative tasks. Restrooms are conveniently located on both floors. The property is zoned C-4 and has the Wayne County APN 64-00965.000. While the building offers a limited number of on-site parking spaces, its central downtown location provides easy access to additional parking options. The annual property taxes are $3,426.98. This property is being offered "as is" and presents a unique opportunity for a medical professional seeking a well-established location in a thriving community. The building's history as the former Landes & Landes office speaks to its suitability for professional use. This is a rare opportunity to acquire a well-located, established medical office building in a desirable Ohio market.

• CAP approach

  CAP return

  Valuation

  6%

  $547,710

  6.5%

  $505,579

  7%

  $469,466

• Comparable approach

  Method

  Valuation

  Relative Method

  $269,395

  Geo Method

  $269,395

• Alternative Use

  Use

  Valuation

  Residential

  $626,917

  Hospitality

  $574,253

  Educational

  $477,772

  Medical

  $494,203

  Retail

  $743,200

Location Insight

City

Wooster

County

Wayne

State

Ohio

Latitude

40.798

Longitude

-81.9457

CBSA code

49300

CBSA name

WOOSTER, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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