178 Wayne StMansfield, OH 44902

Property Details for 178 Wayne St

Year built

1920

Lot size

0.15 AC

Property size (Sq ft)

3,420 SF

Property type

Retail properties

Property subtype

Bars

APN

027-05-032-13-000

APU

270503213000

Description

This newly renovated bar and tavern presents a unique investment opportunity in a rapidly developing area of Mansfield, Ohio. The property boasts spacious and stylish interior entertaining areas, perfect for attracting a diverse clientele. Recent upgrades include new flooring, electrical systems, and plumbing, ensuring the property is in excellent condition. A significant advantage is the inclusion of a walk-in freezer and modern commercial appliances, streamlining operations and enhancing efficiency. The substantial storage space further adds to the property's practicality and operational flexibility. Beyond the interior, the property features attractive outdoor entertaining spaces, ideal for expanding the business's reach and creating a vibrant atmosphere. The strategic location across from new construction projects underscores the area's growth potential, promising increased foot traffic and a strong future for the business. This turnkey operation offers a compelling blend of modern amenities, prime location, and significant growth potential, making it an exceptional investment opportunity for discerning buyers. The property is being offered at $265,000.

• CAP approach

  CAP return

  Valuation

  6%

  $949,164

  6.5%

  $876,152

  7%

  $813,569

• Comparable approach

  Method

  Valuation

  Relative Method

  $806,165

  Geo Method

  $806,165

• Alternative Use

  Use

  Valuation

  Residential

  $739,067

  Hospitality

  $676,981

  Educational

  $563,240

  Medical

  $582,611

  Retail

  $876,152

Location Insight

City

Mansfield

County

Richland

State

Ohio

Latitude

40.7629

Longitude

-82.5059

CBSA code

31900

CBSA name

MANSFIELD, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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