861 Wooster Rd W Barberton, OH
Call to check price and availability
Income-producing mixed-use building with restaurant/bar and apartments.
Type:RETAIL
Property size:
5,800 SFLot size:
0.14 AcresPrice / SF:
$39/SF- Added:
- Oct 1, 2024
- Days on Market:
- 575
- Last Refresh:
- Apr 5 at 8:53 pm
Property Features for 861 Wooster Rd W
General Information
- Standard status
- Active
- Size
- 5,800 SF
- Lot size
- 0.14 Acres
- Property subtype
- RETAIL
Listing agent Chad Whitmer (330) 940-9360
Listing office Hoff & Leigh (330) 940-9360
Listing date Oct 1, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Hoff & Leigh
Overview
Mixed-Use Building with Income Potential
This stand-alone mixed-use building is for sale and offers income-producing potential. The property features a street-level restaurant/bar space, which is currently vacant. The upper level includes two apartments: a one-bedroom, one-bathroom unit and a two-bedroom, one-bathroom unit. All utilities, including water, are separated for each unit. The property includes a fully operating commercial kitchen, a newer roof, well-maintained mechanical systems, and air conditioning. A basement is also present. The building benefits from easy access due to its location on a hard corner and proximity to interchanges. All furniture, fixtures, and equipment (FF&E) are included in the sale. There is potential to acquire the adjacent city-owned lot to the west, which could provide additional parking. This property is ideal for an owner/operator looking to earn passive income or for an investor interested in converting the space to multifamily and/or retail/services. A simple pro-forma projects an income of $37,500, expenses of $7,000, resulting in a net operating income (NOI) of $30,500 and a cap rate of 13%. The property size is 5,800 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar Places Nearby
- Magic City Drive Thru — 1204 Wooster Rd W, Barberton, OH 44203
- Bullseye Sports Pub — 1009 Wooster Rd W, Barberton, OH 44203
- pw Cheers — 285 31st St SW, Barberton, OH 44203
- Red, White & Brews — 285 31st St SW, Barberton, OH 44203
- Hanics Cafe — 915 W Wooster Rd, Barberton, OH 44203
Location Insight
- Map
- Local Demand
- City
- Barberton
- County
- Summit
- State
- Ohio
- Longitude
- -81.6211
- Latitude
- 41.0114
Nearby Similar for Sale
FAQs
What type of property is this?
Bar & Pub - Income-producing mixed-use building with restaurant/bar and apartments.
Where is this bar & pub located?
The property is located at 861 Wooster Rd W Barberton, OH.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: High Cap Rate: Enjoy a 13% cap rate with a Net Operating Income (NOI) of $30,500.; Income‑Producing Mixed‑Use Building: Features a street‑level restaurant/bar space and two apartments.; Fully Operating Commercial Kitchen: The restaurant space includes all FF&E.
