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    861 Wooster Rd Barberton, OH 44203

    For Sale
    $229,000

    Income-producing, mixed-use building.

    Property size:
    5,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This 5,800 square foot mixed-use building in Barberton, Ohio, presents a compelling investment opportunity. Located at 861 Wooster Rd W, this property sits on a 0.146-acre lot zoned C-2 Neighborhood Commercial District. Currently configured as a street-level restaurant/bar (currently vacant) and two upper-level apartments (one 1-bedroom/1-bathroom, one 2-bedroom/1-bathroom), it offers significant conversion potential for multifamily or retail/service uses. The building boasts separated utilities, including water, a newer roof (installed within the last five years), and a fully operational commercial kitchen. All furniture, fixtures, and equipment (FF&E) are included in the sale. The property benefits from a hard corner location, convenient bus route access, and a basement. A potential exists to acquire an adjacent city-owned lot, providing additional parking. The asking price is $229,000, representing a price per square foot of $39.48. Financial projections indicate a potential net operating income (NOI) of $30,500, resulting in a 13% capitalization rate. This property is ideal for owner-operators seeking passive income or investors looking to reposition the asset.

    Property Features for 861 Wooster Rd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    5,800 SF
    Lot Size
    6,360 SF

    HighLights

    • $229,000 asking price for a 5,800 SF mixed‑use building.
    • Located at 861 Wooster Rd W, Barberton, OH 44203, on a 0.146‑acre lot, zoned C‑2.
    • Currently configured as a ground‑floor restaurant/bar (vacant) and upper‑level apartments (one 1‑bed/1‑bath, one 2‑bed/1‑bath).
    • Features separated utilities, a new roof (installed within the last 5 years), a fully operational commercial kitchen, and all FF&E included.
    • Offers conversion potential to multifamily or retail/service uses.
    • Situated on a hard corner, with bus route access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Barberton
    County
    Summit
    State
    Ohio
    Longitude
    -81.6210294
    Latitude
    41.0113906

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    FAQs

    What type of property is this?
    Mixed-use property - Income-producing, mixed-use building.
    Where is this mixed-use property located?
    The property is located at 861 Wooster Rd Barberton, OH.
    What is the asking price?
    The asking price for this property is $229,000.
    What are key features of this property?
    This property features: $229,000 asking price for a 5,800 SF mixed-use building.; Located at 861 Wooster Rd W, Barberton, OH 44203, on a 0.146-acre lot, zoned C-2.; Currently configured as a ground-floor restaurant/bar (vacant) and upper-level apartments (one 1-bed/1-bath, one 2-bed/1-bath).
    (330) 940-9360
    Request Owner's contact information
    861 Wooster Rd Barberton, OH 44203
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    Barberton, OH 44203
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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
    861 Wooster Rd Barberton, OH 44203
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