Great Investment Property in Downtown Area
Gerspacher Real Estate Group, Inc. Michelle Masica - (330) 722-XXXX Extension: 1007 Retail Property For Sale 124-134 College Street 124-134 College Street, Wadsworth, OH 44281 Price:$795,000Building Size:14,583 SFPrice/SF:$54.52Property Type:RetailProperty Sub-type:Free Standing BldgAdditional Sub-types:Office BuildingProperty Use Type:InvestmentCap Rate:11%No. Stories:1Tenancy:MultipleYear Built:1971Lot Size:0.33 ACAPN / Parcel ID:40-20A-17-083Parking Ratio:20 / 1,000 SF Last Verified 11/29/2013 Listing ID 17520270 Map of 124-134 College Street, Wadsworth, OH 44281 (Medina County) Find out more about 124-134 College Street, Wadsworth Description This 14,583 SF multi-tenant brick building is located in the heart of downtown Wadsworth. It has 4 units, three if which are leased. It was built in 1971 and updated in 2009. It is zoned Community Business District and sits on .35 acres. Unit A is a 2,708 SF retail or office space with windows on College Street, a large open space, and a small kitchenette. It is leased to Jazzercise. Unit B is 1,639 SF office shite with five private offices. Unit C is 3,840 SF, has 5 grade level doors, and is leased to Knapp's Automotive Service. Unit D is a 5,080 SF space with windows overlooking downtown Wadsworth. It is leased through November 2019 to Northeast Ohio Dance. Each unit has separate gas and electric meters. Building roof was replaced in 2011. Potential rental income for the building is $109,175, and NOI is $84,242. 124-134 College Street is a fully leased multi-tenant building located just west of the intersection of College Street, High Street, and Main Street in the heart of downtown Wadsworth, in southeastern Medina County, in Northeast Ohio. It is within easy walkable distance of Wadsworth City Hall, Municipal Court, the public library, and downtown shops. There is free public parking on the street in front of the restaurant and in the rear of the building in a large public parking lot that can accommodate more than ninety vehicles.Because this building is on 1 of Wadsworth' s main thoroughfares, it is a high traffic and high visibility location for both vehicle and foot traffic. It is only 3.three miles south of the Interstate 71/SR-94 interchange for quick and easy access to Akron, Cleveland, Columbus, Canton, and major airports in Cleveland and the Akron/Canton area. Gerspacher Real Estate Group, Inc. Michelle Masica - (330) 722-XXXX Extension: 1007 The info above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. LoopNet Commercial Real Estate CJ6DL9M
Commercial & Office Space for Rent
1,000 sq. ft.