516 High St Wooster, OH 44691
This exceptional mixed-use property in Wooster, Ohio, presents a compelling owner-user or investment opportunity. Located at 516 W High St, this 1,852 square foot building boasts a versatile layout ideal for retail or office space. The property features a reception area, lobby, seven offices, storage rooms, and restrooms. Two separate entrances offer flexibility for dividing the space to suit various business needs. Currently, the retail space is vacant, providing immediate potential for lease income or owner-occupancy. A newer roof adds to the property's value. The property also includes a separate rental home located at a different address (338 Hall St), generating additional income. This 976 square foot bungalow features two bedrooms, one bathroom, a basement, and currently leases for $791 per month, with the tenant responsible for all utilities. The property sits on a 0.28-acre lot and was built in 1987. The property is currently 100% occupied, offering immediate cash flow. The net lease structure ensures a streamlined ownership experience. This is a multi-tenant property with significant upside potential. The Wayne County location and High Street address provide excellent visibility and accessibility. The asking price is $199,000. This is a rare opportunity to acquire a mixed-use property with both immediate income and significant long-term growth potential. The APN is 59-01396-000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.