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    Mixed-Use Building with Income Potential Title is generated by Realmo AI

    861 Wooster Rd W, Barberton, OH

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

    Type:RETAIL
    Property size:
    5,800 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $39/SF
    Added:
    Oct 1, 2024
    Days on Market:
    621
    Last Refresh:
    May 20 at 8:31 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

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    Listing Contact
    Chad Whitmer
    Chad Whitmer

    Listing agent Chad Whitmer

    Listing office Hoff & Leigh

    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

    HighLights

    • 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.
    • Separate Utilities: All utilities, including water, are separately metered for each unit.
    • Potential for Expansion: Opportunity to acquire the adjacent city‑owned lot for additional parking.
    • Newer Roof and Well‑Maintained Mechanicals: Includes A/C and a basement.

    Overview

    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 Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Magic City Drive Thru — 1204 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
    • IT BARRO DAL NORTON — 4951 w wooster rd, norton, oh 44203

    Location Insight

    • Map
    • Local Demand
    City
    Barberton
    County
    Summit
    State
    Ohio
    Longitude
    -81.6211
    Latitude
    41.0114

    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.
    (330) 940-9360 Call to check price and availability
    More about this property
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