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129 Broad St 6,760 SF Vacant Retail Building Wadsworth, OH 44281 $799,500 ($118.27/SF)
INVESTMENT HIGHLIGHTS
- Building Available: 6,760 SF
- Unit 1 (4,760 SF) owner-occupied by Grizzly Arcade & Frostbyte Creamery (open to lease back)
- Recent Improvements: new doors, restrooms, flooring, electrical, roof, HVAC, water/sewer lines replaced, and basement waterproofed
- Price per SF: $118/SF
- Unit 2 (2,000 SF) leased by Perfect Match
- Annual Real Estate Taxes: $8,154.01
EXECUTIVE SUMMARY
This 6,760 SF two-tenant prime retail space located in the heart of downtown Wadsworth is freshly renovated, featuring 4,720 SF of open clear-span currently occupied by the Grizzly Arcade with new arcade equipment (separately available from real estate sale), a private party room, Frostybyte Creamery, a private office, and near-complete bar & restaurant. The second unit is 2,000 SF occupied by local tenant, Perfect Match Décor. Recent improvements to the property include the complete replacement of electrical, HVAC, roof, and basement. The property is zoned in Central-Business Development District (CBD) allowing for variety of uses. This is a great dual-tenant investment opportunity in Wadsworth with two retail tenants already in place, one of them being the owner of Grizzly Arcade & Frostbyte Creamery. Owner is willing to lease back as a tenant or willing to vacate, making this a great owner-occupier opportunity.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
6,760 SF
Building Class
C
Year Built/Renovated
1905/2021
Price
$799,500
Price Per SF
$118.27
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.35
Lot Size
0.11 AC
Zoning
CBD - Central Business Development District, Wadsworth City
Parking
25 Spaces (3.7 Spaces per 1,000 SF Leased)
Frontage
43’ on Broad St
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Grizzly Arcade & Frostbyte Creamery
- Arts, Entertainment, and Recreation
- 4,720 SF
- -
- -
- Perfect Match
- Retailer
- 2,000 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Grizzly Arcade & Frostbyte Creamery | Arts, Entertainment, and Recreation | 4,720 SF | - | - | ||
| Perfect Match | Retailer | 2,000 SF | - | - |
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 040-20D-03-033 | Improvements Assessment | $15,800 |
| Land Assessment | $41,270 | Total Assessment | $57,070 |
PROPERTY TAXES
Parcel Number
040-20D-03-033
Land Assessment
$41,270
Improvements Assessment
$15,800
Total Assessment
$57,070
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129 Broad St
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