130 S. Lyman Street Wadsworth, OH 44281

Lease Terms:

For Lease: $3,800/MO (Gross)

Description

130 S. Lyman Street in Wadsworth is a 19,208 SF building built in 1978 that currently is used a fitness center/racquet ball club. It is situated on 0.34 acres with 125’ of frontage on S. Lyman St. and has a depth of 116’.  The property is zoned C-2 with a good amount of square footage and is priced to sell.

The 1st floor has 10,192 SF of space including 4(20'x40') fitness rooms, lounge common area, men and women locker rooms with showers and a viewing area of the higher bay spaces. 1,600 SF of space is being used as office/tanning space.

Lower level has 9,016 SF of space including 4(20'x40') fitness rooms, 1 massage room, and 2 (20’x40’) rooms with 19.5’ ceilings that are being used for racquet ball.

There are 15 immediate parking spaces around the building but has rights to use the public parking spaces around it (accommodates 100+ vehicles).  The City of Wadsworth maintains the lot and snow plows the parking lot.

There is potential to purchase the all of the gym equipment. The 2016 property taxes were $7,704. The building also has 1(8’ X 9’) drive in door, 2 restrooms and an alarm system. Signage is on the building. Power is 120 amps/240 volt/3 phase. Utilities are Dominion East Ohio Gas, City of Wadsworth water, sewer, electric.

Current use is a fitness center/tanning business on a month-to-month lease.  Fitness center/tanning business assets may be purchased separately.

Property Location:

130 S. Lyman Street in Wadsworth is near the Corner of Broad Street and Lyman Street in downtown Wadsworth. It is surrounded by the high school, post office, city hall, the library and a gas station. It is located just 2 miles from I-76 at Rt. 94.

Additional Info

Within City Limits:
Yes
Ceiling Clear:
12.5-19.5 ft
Construction Type:
Block
Distance from Nearest Interstate:
2 miles from I-76 at Rt. 94
Former Use:
Gym/Racquent Ball Club
Primary Building Type:
Zoning:
c-2

Property Location

Specifications

Status:
For Sale, For Lease
Sale Price:
$ 449,000
Lease Rate:
$3,800/mo
Property Type:
Industrial, Office, Retail, Special Purpose
Locality:
Wadsworth
Year:
1978
Sq. Feet:
19,208
Acreage:
0.34
City:
Wadsworth
Corner Property:
No
  • Troy Gerspacher, CCIM, SIOR

    Real Estate Broker & President
    Troy@GerspacherGroup.com
    Office: 
    330.722.5002
    Mobile: 
    216.470.4545
    Fax: 
    330.723.6330

    View Troy's Properties

    Troy Gerspacher, President of Gerspacher Real Estate Group is a 3rd generation real estate broker & investor in commercial real estate. He began in sales over 20 years ago with Aerotek, a global staffing company. In 1998 he helped start a commercial skilled trades division for the Cleveland and Akron markets. Over a 7 year period he established over 100 new clients for the company with a payroll of over 200 contract employees with 30 different companies by 2003. 

    In 2004  he began as a real estate agent mentoring his uncle James Gerspacher till 2007. In 2007 Troy become President, Broker and  owner of the Gerspacher Real Estate Group. Since his ownership he has grown the company from a company of 4 to 10 employees and agents.   He along with his team have been integral in growing the listings from  75 to over 150 listing totaling over $150 million in real estate inventory.  In that time he has completed nearly 500 sale and lease transactions. In 2012 he earned the elite  CCIM designation for investment commercial brokers (Certified Commercial Investment Member) and recently in 2017 he earned the SIOR Designation (Society of Office & Industrial Realtors.) Only 3000 practioniaires in the world have earned this highly honored designation. In addition he has invested, re-developed, owns and manages multiple commercial office, retail and apartments buildings.  

    He lives in Medina, married to Heather with 3 children, Gavin, Marin and Aylin.

     

    Licenses/Designations

    • Ohio Licensed Real Estate Managing Broker
    • Certified Commercial Investment Member - CCIM
    • Society of Office & Industrial Realtors-SIOR
    • National Association of Realtors-Affiliate Member

    Education

    • Bachelor of Arts, Baldwin Wallace University, Berea OH
    • Member - CCIM

    Affiliations

    • Medina County Economic Development Corp. Board Member
    • Medina County Board of Realtors Commercial Committee
    • Leadership Medina County Graduate
    • Northern Medina County Chamber of Commerce
    • Greater Medina Chamber of Commerce
    • Wadsworth Area Chamber of Commerce
    • Greater Akron Chamber of Commerce
    • Previous St. Matthews Church Personnel Committee Chair 
    • Previous Phi Kappa Tau Fraternity, Past Social Chair, Vice President, President
    • Previous PKT Board of Governors

    Awards

    • Crain’s Cleveland Business “Forty Under 40 for 2013”
    • 2014 Cleveland Marathon Finisher
  • Michelle Masica

    Real Estate Agent & Consultant
    Michelle@GerspacherGroup.com
    Office: 
    330.722.5002
    Mobile: 
    330.590.7401
    Fax: 
    330.723.6330

    View Michelle's Properties

    Michelle Masica was born in Arkansas and moved to Medina in 1979 when her father’s work brought the family to the area. She has stayed in the north and made Medina County her home. After completing college, Michelle worked in sales and communications. When Michelle joined her husband’s business, Masica Builders, she obtained her brokers license and sold property for their real estate company, MSL Realty. In 2008, the real estate company was sold and Michelle became the Executive Director of the Wadsworth Area Chamber of Commerce. In 2011, Michelle returned to real estate as a broker with the Gerspacher Real Estate Group. Her knowledge of the county, and real estate development and sales give her clients a real advantage.

    Education

    • Bachelor of Arts in Mass Communications, Miami University, Oxford OH
    • Ohio Real Estate License, Hondros College, Akron OH
    • CCIM Coursework

    Affiliations

    • Faith in Action Board of Trustees
    • Gamma Phi Beta, Alumni Treasurer
    • Medina County Economic Development Corp.
    • Northern Medina County Chamber of Commerce
    • Greater Medina Chamber of Commerce
    • Wadsworth Area Chamber of Commerce
    • Leadership Medina County Graduate
    • LMC Alumni Development Committee
    • Medina County Convention and Visitors Bureau, Past President
  • Steve Masica, CCIM

    Real Estate Agent & Consultant
    Steve@GerspacherGroup.com
    Office: 
    330.722.5002
    Mobile: 
    330.714.4415
    Fax: 
    330.723.6330

    View Steve's Properties

    Steve Masica comes to the Gerspacher Real Estate Group from an award winning career as the owner of Masica Builders. He has also been a real estate broker since 2006 when he founded MSL Realty. He has been the owner/partner in JC Holdings, SLM Development Co., the Strand Company, and Sharon Circle, LLC. Since joining the Gerspacher firm in 2013, Steve continues to bring his vast experience in construction, real estate and development to his Gerspacher clients.

    Education

    • Medina County Career Center, Medina OH
    • Ohio Real Estate License, Hondros College, Akron OH
    • Member - CCIM

    Affiliations

    • National Association of Home Builders, Life Spike Member
    • Medina County Homebuilders Association, Past President
    • Habitat for Humanity Volunteer
    • Knights of Columbus, Purser 4th Degree
    • Main Street Medina Project RENEW General Contractor
    • Northern Medina County Chamber of Commerce
    • Greater Medina Chamber of Commerce
    • Wadsworth Area Chamber of Commerce

    Recognitions

    • Great Lakes Brick Council Outstanding Use of Brick in New Residential Construction (2)
    • Outstanding Construction Restoration (Strand Theater) Wadsworth Chamber of Commerce
    • Medina Parade of Homes (3)
    • Cover/Feature, Builder/Architect Magazine, Cleveland Edition