Advertise
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Wooster Corner Lot Retail Title is generated by Realmo AI

    516 W Liberty St, Wooster, OH

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Former Bellstores retail property on corner lot in downtown Wooster.

    Type:RETAIL
    Property size:
    1,252 SF
    Lot size:
    0.31 Acres
    Price / SF:
    $179/SF
    Added:
    Sep 6, 2023
    Days on Market:
    1013
    Last Refresh:
    May 20 at 10:06 pm

    Property Features for 516 W Liberty St

    General Information

    Standard status
    Active
    Size
    1,252 SF
    Lot size
    0.31 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Jack Gant

    Listing agent Jack Gant

    Listing office Donald K. Gant Realty

    Listing date Sep 6, 2023

    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 Donald K. Gant Realty

    HighLights

    • Corner lot location in Downtown Wooster offers high visibility.
    • Zoned C‑2 Community Commercial allowing diverse business opportunities.
    • Former Bellstores location.
    • Commercial zoning allows for diverse business opportunities.
    • High visibility due to corner lot placement.
    • Located in a downtown area.

    Overview

    This is a former Bellstores retail property situated on a corner lot in downtown Wooster. The property is zoned C-2 Community Commercial. The property size is 1252 square feet. Deed restrictions will be applied; contact for more information.

    Local 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 (±1% cap)
    NOI $12,594 @ 7.0% cap · market cap 5.60%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $915.1K
    $800.7K – $1.07M (±1% cap)
    NOI $64,054 @ 7.0% cap · market cap 28.47%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM (West Liberty ... Atm West Liberty Bell ... Gas Station BellStores Grocery & Convenience Store Marathon Gas Gas Station

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Com-Patt-ibles Flowers and Gifts — 149 N Grant St, Wooster, OH 44691

    Location Insight

    • Map
    • Local Demand
    City
    Wooster
    County
    Wayne
    State
    Ohio
    Longitude
    -81.9481
    Latitude
    40.798

    Nearby Similar for Sale

    • $2,000,000

      Multi-Use Downtown Building

      Three-story property with an operating restaurant and bar, banquet space, and two short-term rental units.
      144 W Liberty Street, Wooster, OH 44691
      View Details
    • $1,134,595
      9,026 SF

      Dollar General NNN Lease Property

      NNN leased Dollar General with zero landlord responsibilities.
      5310 Cleveland Rd, Wooster, OH
      View Details
    • $80,000

      Fourplex Ready for Renovation

      Four-unit residential income property with a metal roof and siding in place, requiring a complete remodel.
      523 College Avenue, Wooster, OH 44691
      View Details
    • $2,495,000

      Renovated Industrial Building with Rail

      46,890 SF industrial building ideal for distribution, warehousing, or manufacturing.
      1550 Spruce St, Wooster, OH
      View Details
    • $180,000
      1,136 SF

      Office Space For Sale

      Office space available for sale, approximately 1,136 square feet.
      3880 Cleveland Rd, Wooster, OH
      View Details
    • $1,095,000
      275 SF

      Multi-Family Redevelopment Opportunity in Wooster

      40-unit redevelopment opportunity with amenities in Wooster, Ohio.
      2137 Lincoln Way E, Wooster, OH 44691
      View Details
    • $325,000
      2,834 SF

      Downtown Wooster Car Wash

      Five-bay car wash on a corner lot in downtown Wooster.
      611 W Liberty St, Wooster, OH 44691
      View Details
    • $225,000
      1,252 SF

      Downtown Corner Lot Opportunity

      Former Bellstores property in downtown Wooster, zoned C-2 Commercial.
      516 W Liberty St, Wooster, OH 44691
      View Details

    FAQs

    What type of property is this?
    Storefront property - Former Bellstores retail property on corner lot in downtown Wooster.
    Where is this storefront 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: Corner lot location in Downtown Wooster offers high visibility.; Zoned C‑2 Community Commercial allowing diverse business opportunities.; Former Bellstores location.
    (330) 264-4242 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jack Gant
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    516 W Liberty St, Wooster, OH
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!