Property profile

389 Liberty St Wooster, OH 44691

OFF-MARKET
Medical Office Space
Property ID
US66-3684976
2,880 SF 0.17 ac lot Built 1961
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,926 square foot medical office building is situated in the heart of downtown Wooster, Ohio. The property, located at 389 W Liberty St, is a single-tenant building with a Class B designation and boasts a convenient 0.253-acre lot. Constructed in 1980, this two-story building features a practical layout ideal for medical practices. The first floor offers an open room, perfect for a waiting area or reception, along with a kitchen facility. The second floor comprises private offices, providing ample space for consultations and administrative tasks. Restrooms are conveniently located on both floors. The property is zoned C-4 and has the Wayne County APN 64-00965.000. While the building offers a limited number of on-site parking spaces, its central downtown location provides easy access to additional parking options. The annual property taxes are $3,426.98. This property is being offered "as is" and presents a unique opportunity for a medical professional seeking a well-established location in a thriving community. The building's history as the former Landes & Landes office speaks to its suitability for professional use. This is a rare opportunity to acquire a well-located, established medical office building in a desirable Ohio market.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1961
Total area 2,880 SF
Lot 0.17 ac (7,501 SF)
APN 64-00965-001
UPID US66-3684976

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Veterinary Clinic
  • Veterinary Clinic
  • Veterinary Clinic
  • Veterinary Clinic

Location

389 Liberty St Wooster, OH 44691-4882
Wooster metro Census 600 WOOSTER, OH MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$165k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$165k

Owner & transaction history

since 2020
Last sale
$200,000
1 recorded transaction
2020
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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