Mixed-Use Building with
New
For Sale
Contact for pricing
350-352 Main St, Wadsworth, OH 44281
Two ground-floor retail units sit below seven one-bedroom apartments in a renovated commercial-residential property.
Property Size7,092 SF
Price / SF$117.03
Days on Market6
Property Features for 350-352 Main St
General Information
Standard status
Active
Size
7,092 SF
Property subtype
RETAIL
Zoning
C-1
Site & Location
Traffic Count
10,363 vehicles/day
Highway Access
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
7 x 1BR/1BA (±500 SF each)
Multifamily Units
7
Amenities
large front windows
hardwood floors
office
storage
private restroom
monumental signage
Building Details
Year Built
1925
Year Renovated
2019
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Gerspacher Real Estate Group
(330) 722-5002
Listed By:
Emily Faust · License #SAL.2021003573
(412) 956-0066
Source:
Moodyscre
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 2:22PM
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 Gerspacher Real Estate Group
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Investment Insights
Based on property information with market context.
A 7,092-square-foot mixed-use building combines two retail units on the first floor with seven apartments above. The retail space includes broad front windows, hardwood flooring, open sales areas, 12-foot ceilings, an office, storage, and a private restroom. One 1,600-square-foot retail unit is vacant. The upper level contains seven apartments of approximately 500 square feet each, with one bedroom and one bathroom. Built in 1925 and renovated in 2019, the property is served by municipal utilities and is zoned C-1.
The building offers signage on the structure and access to monument signage along the road. Public parking is available on the street and in a nearby lot. The I-76/SR-94 interchange is 1.9 miles away, and the reported traffic count is approximately 10,363.
The building offers signage on the structure and access to monument signage along the road. Public parking is available on the street and in a nearby lot. The I-76/SR-94 interchange is 1.9 miles away, and the reported traffic count is approximately 10,363.
Key Highlights
- 7,092 SF mixed‑use building with retail and apartment space
- Two ground‑floor retail units, including one vacant 1,600 SF space
- Seven upper‑floor apartments, each approximately 500 SF with 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,482
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,289,640
$1.3M
Cap Rate 7%
$921,171
$921.2K
Cap Rate 9%
$716,467
$716.5K
Market Conditions
NOI Build-Up for 7,092 SF
Gross rent
$114.9K $16.20/SF
− Vacancy
−$11.7K −$1.65/SF
EGI
$103.2K $14.55/SF
− OpEx
−$38.7K −$5.46/SF
NOI
$64.5K $9.09/SF
Area
Medina County, OH
Vacancy
10.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,289,640
Cap Rate 7%
$921,171
Cap Rate 9%
$716,467
Alternative Uses
Best Use
Mixed Use
$921.2K
$806.0K – $1.07M
NOI $64,482 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$800.3K
$700.2K – $933.7K
NOI $56,019 @ 7.0% cap · market cap 6.75%
Theoretical Best
Specialty Retail
$1.98M
$1.73M – $2.31M
NOI $138,472 @ 7.0% cap · market cap 16.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
7
Residential units
10,363 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
Explore this area
Business Placement
Demographics for 44281, OH
33,241
Population
14,298
Households
2.3
Avg Household Size
41
Median Age
42%
College-Educated
96%
High-School Grad
47.8 sq mi
ZIP Area
695
Density / Sq Mi
$88,128
Median Household Income
$46,653
Median Earnings
$1,031
Median Rent
$262,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two ground-floor retail units sit below seven one-bedroom apartments in a renovated commercial-residential property.
Where is this mixed-use property located?
The property is located at 350-352 Main St Wadsworth, OH.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: 7,092 SF mixed‑use building with retail and apartment space; Two ground‑floor retail units, including one vacant 1,600 SF space; Seven upper‑floor apartments, each approximately 500 SF with 1 bedroom and 1 bathroom
