861 Wooster RdBarberton, OH 44203

For Sale
$229,000

Income-producing, mixed-use building.

Overview

Added:
Dec 11, 2024
Days on market:
91
This 5,800 square foot mixed-use building in Barberton, Ohio, presents a compelling investment opportunity. Located at 861 Wooster Rd W, this property sits on a 0.146-acre lot zoned C-2 Neighborhood Commercial District. Currently configured as a street-level restaurant/bar (currently vacant) and two upper-level apartments (one 1-bedroom/1-bathroom, one 2-bedroom/1-bathroom), it offers significant conversion potential for multifamily or retail/service uses. The building boasts separated utilities, including water, a newer roof (installed within the last five years), and a fully operational commercial kitchen. All furniture, fixtures, and equipment (FF&E) are included in the sale. The property benefits from a hard corner location, convenient bus route access, and a basement. A potential exists to acquire an adjacent city-owned lot, providing additional parking. The asking price is $229,000, representing a price per square foot of $39.48. Financial projections indicate a potential net operating income (NOI) of $30,500, resulting in a 13% capitalization rate. This property is ideal for owner-operators seeking passive income or investors looking to reposition the asset.

Highlights

  • $229,000 asking price for a 5,800 SF mixed-use building.
  • Located at 861 Wooster Rd W, Barberton, OH 44203, on a 0.146-acre lot, zoned C-2.
  • Currently configured as a ground-floor restaurant/bar (vacant) and upper-level apartments (one 1-bed/1-bath, one 2-bed/1-bath).
  • Features separated utilities, a new roof (installed within the last 5 years), a fully operational commercial kitchen, and all FF&E included.
  • Offers conversion potential to multifamily or retail/service uses.
  • Situated on a hard corner, with bus route access.

Property Details for 861 Wooster Rd

Property type
Other mixed-use properties, Mixed-use properties
Square Feet
5,800 SF
Lot Size (sq. ft)
6,360 SF

Location Insight

City
Barberton
County
Summit
State
Ohio
Latitude
41.0113906
Longitude
-81.6210294
861 Wooster Rd, Barberton, Ohio

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861 Wooster Rd
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