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861 Wooster Rd W Barberton, OH 44203

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For Sale
$229,000

Income-producing mixed-use building with restaurant/bar and apartments.

Property size:
5,800 SF
Lot size:
0.14 Acres

Property Features for 861 Wooster Rd W

General Information

Size
5,800 SF
Lot size
0.14 Acres

Source: Hoff & Leigh Agent Chad Whitmer

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


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

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Magic City Drive Thru, Bullseye Sports Pub, pw Cheers, Red, White & Brews, Hanics Cafe

Location Insight

  • Map
  • Local Demand
City
Barberton
County
Summit
State
Ohio
Longitude
-81.6210744
Latitude
41.0114196

FAQs

What type of property is this?
Bar - Income-producing mixed-use building with restaurant/bar and apartments.
Where is this bar 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.
More about this property
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