Downtown Corner Lot
516 W Liberty St Wooster, OH 44691
516 W Liberty St, Wooster, OH, 44691
Contact for pricing
For Sale
Contact for pricing
Pending
Former Bellstores property in downtown Wooster, zoned C-2 Commercial.
Property Size1,252 SF
Days on Market1086
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 Updated: Jul 6 at 8:27 am Checked: Jul 20 at 6:10 am
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
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
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 local authorities.
Property Analytics
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
Similar For Sale Nearby
FAQs
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
