Downtown Corner Lot
For Sale
Contact for pricing
Pending
516 W Liberty St, Wooster, OH 44691
Former Bellstores property in downtown Wooster, zoned C-2 Commercial.
Property Size1,252 SF
Days on Market1097
Property Features for 516 W Liberty St
General Information
Standard status
Pending
Size
1,252 SF
Property subtype
Mixed Use, Office, Retail
Listing Agency:
Donald K. Gant Realty
(330) 264-4242
Listed By:
Trevor Gant · License #2023003563
Source:
Crexi
Added: Jul 31, 2023
Changed: Jul 6
Last Checked: Jul 24 at 4:41PM
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 Donald K. Gant Realty
Investment Insights
Based on property information with market context.
This property, formerly a Bellstores location, is situated on a corner lot in Downtown Wooster. It is zoned C-2 Community Commercial. The property size is 1252 square feet. Deed restrictions will be applied; further information is available upon request. This mixed-use property offers potential for office or retail use.
Key Highlights
- Prime corner lot location in Downtown Wooster
- Zoned C‑2 Community Commercial, offering various possibilities
- Former Bellstores location
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.8k | $15.00 |
| − Vacancy | −$789 | −$0.63 |
| EGI | $18.0k | $14.37 |
| − OpEx | −$5.4k | −$4.31 |
| NOI | $12.6k | $10.06 |
1,252 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$179.9K
$157.4K – $209.9K
NOI $12,594 @ 7.0% cap · market cap 5.60%
Second Best
Office B
$177.1K
$154.9K – $206.6K
NOI $12,395 @ 7.0% cap · market cap 5.51%
Theoretical Best
Multifamily LT 5
$915.1K
$800.7K – $1.07M
NOI $64,054 @ 7.0% cap · market cap 28.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
908
Businesses Nearby
Explore this area
Business Placement
Demographics for 44691, OH
44,666
Population
19,369
Households
2.3
Avg Household Size
41
Median Age
31%
College-Educated
93%
High-School Grad
154.9 sq mi
ZIP Area
288
Density / Sq Mi
$71,319
Median Household Income
$37,322
Median Earnings
$881
Median Rent
$216,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Former Bellstores property in downtown Wooster, zoned C-2 Commercial.
Where is this mixed-use property located?
The property is located at 516 W Liberty St Wooster, OH.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Prime corner lot location in Downtown Wooster; Zoned C‑2 Community Commercial, offering various possibilities; Former Bellstores location
