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    516 Liberty St Wooster, OH 44691

    Sponsored
    For Sale
    $225,000

    Prime Wooster location, mixed-use potential.

    Property size:
    1,252 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 516 W Liberty Street in the heart of Downtown Wooster, Ohio, presents a unique investment opportunity. The 1,252 square foot building sits on a sizable 0.307-acre corner lot, offering excellent visibility and accessibility. Previously occupied by Bellstores, this storefront boasts a versatile layout suitable for a variety of commercial uses, including retail and traditional office space. The property is zoned C-2 Community Commercial, allowing for a range of business ventures. The asking price is $225,000, translating to a price per square foot of $179.71. This represents a strong value proposition in a thriving downtown area. While deed restrictions apply, detailed information is available upon request. The property's prime location in Wayne County, Ohio, zip code 44691, offers easy access to local amenities and a strong customer base. This is an ideal opportunity for an owner-occupier or investor seeking a high-return property in a desirable downtown setting. The building's size and location make it an attractive option for businesses seeking a prominent presence in the Wooster community. Serious inquiries are encouraged to explore the full potential of this exceptional commercial property.

    Property Features for 516 Liberty St

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,252 SF
    Lot Size
    13,373 SF
    Property Profile Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Wooster
    County
    Wayne
    State
    Ohio
    Longitude
    -81.9483031
    Latitude
    40.797989

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    FAQs

    What type of property is this?
    Individual retail property - Prime Wooster location, mixed-use potential.
    Where is this individual retail property located?
    The property is located at 516 Liberty St Wooster, OH.
    What is the asking price?
    The asking price for this property is $225,000.
    Request Owner's contact information
    516 Liberty St Wooster, OH 44691
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    Wooster, OH 44691
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    516 Liberty St Wooster, OH 44691
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