516 High St Orrville, OH 44667-1538
This exceptional commercial property, located at 516 W High St in Orrville, Ohio, presents a unique investment opportunity. The property consists of two single-story buildings totaling 1,852 square feet, situated on a 0.28-acre lot. Built in 1949 and classified as Class C, this property offers versatile space ideal for a variety of retail or office uses. The interior features a reception area, lobby, seven individual offices, ample storage rooms, and restrooms. The dual entrances provide flexibility, allowing for potential division of the space to accommodate multiple tenants. Currently vacant, this property is ready for immediate occupancy. The building boasts a newer roof, minimizing immediate maintenance concerns. The property's Wayne County location (APN 59-01396.000) offers convenient access to local amenities and a strong regional market. This is an excellent chance to acquire a well-maintained commercial building in a desirable Ohio location. The property's size and layout make it suitable for a single tenant or could be easily adapted for multiple occupants. Don't miss this opportunity to secure a valuable asset in a thriving community.
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.