208 Milltown Rd Wooster, OH 44691-1246
This exceptional mixed-use property at 208 E Milltown Rd, Wooster, OH 44691, presents a compelling investment opportunity. The 6,552 square foot building, constructed in 1998, sits on a 0.782-acre lot and is zoned C-1 Office/Institutional. Currently operating as a multi-tenant property, it features two units. Unit A is under lease until October 31st, 2027, providing immediate income. Unit B is available for lease, offering the potential for increased revenue. The asking price is $925,000, translating to $141.18 per square foot. The building's current occupancy is 50%, with full occupancy projected for July 22nd, 2024. The existing lease for Unit A is a gross lease with a 5.2-year term, commencing August 24th, 2022. This single-story building offers a versatile space suitable for executive, medical, or traditional office uses. The property's location in Wooster, Wayne County, Ohio, provides excellent access to local amenities and transportation. This owner/user investment opportunity allows for immediate income generation and future growth potential. Serious inquiries only.
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Wooster Oral Surgery and Implant Center Dental Office
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Fiorita Vincent L DDS MS Dental Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
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.