516 High St Wooster, OH 44691
- Retail properties
- 1,852 SF
- 0.28 lot acres
Current Use by Public Records
- Retail properties
Property Details for 516 High St
- Year built
- 1987
- Lot size
- 0.28 lot acres
- Property size
- 1,852 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wooster
- County
- Wayne
- State
- Ohio
- Longitude
- -81.7707
- Latitude
- 40.8437
