Mixed-Use Building with
350 - 352 Main Street, Wadsworth, OH 44281
For Sale
Contact for pricing
Two ground-floor retail suites are paired with seven apartments in a downtown Wadsworth building.
Property Size7,092 SF
Price / SF$117.03
Days on Market13
Property Features for 350 - 352 Main Street
General Information
Standard status
Size
Property subtype
Net Operating Income
Site & Location
Highway Access
Road Access
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
on-site laundry facilities
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Gerspacher Real Estate Group
Listed By:
Emily Faust · License #SAL.2021003573
(412) 956-0066
Source:
Crexi
Added: Oct 28
Changed: Nov 8
Last Checked: Nov 8 at 5:45PM
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.
This 7,092-square-foot mixed-use property, constructed in 1925, combines two first-floor storefronts with seven one-bedroom, one-bath apartments above. Each retail space is approximately 1,600 square feet, with an open sales area, 12-foot ceilings, office and storage space, and a private restroom. The apartments are approximately 510 square feet apiece. New appliances were installed in all units in 2019. A roof replacement was completed in 2021 and carries a 10-year warranty; on-site laundry facilities provide additional revenue.
The building is on Main Street in downtown Wadsworth, just south of the square. A free public parking lot at Main and State Streets is steps away, and the property is a five-minute drive from I-76. Dining options in the nearby area include Water Main Grille at 339 Main Street and Wadsworth Tavern at 292 Main Street.
The building is on Main Street in downtown Wadsworth, just south of the square. A free public parking lot at Main and State Streets is steps away, and the property is a five-minute drive from I-76. Dining options in the nearby area include Water Main Grille at 339 Main Street and Wadsworth Tavern at 292 Main Street.
Key Highlights
- 7 one‑bedroom, one‑bath apartments, approximately 510 SF each
- Two ground‑floor storefronts, each approximately 1,600 SF
- Retail suites include 12' ceilings, office/storage space, and private restrooms
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
Who owns this building?
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Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road 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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Cap Rate, Value Estimation, Potential NOI and more
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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 suites are paired with seven apartments in a downtown Wadsworth building.
Where is this mixed-use property located?
The property is located at 350 - 352 Main Street 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 one‑bedroom, one‑bath apartments, approximately 510 SF each; Two ground‑floor storefronts, each approximately 1,600 SF; Retail suites include 12' ceilings, office/storage space, and private restrooms
