For Sale
$310,000

422 Broad StLancaster, OH 43130

High-yield property with office & apartment.

Overview

Added:
Feb 3
Days on market:
67
This exceptional mixed-use property, located at 422 N Broad Street in Lancaster, Ohio, presents a lucrative investment opportunity. The building encompasses a total of 2,766 square feet and sits on a 0.09-acre lot. The property's income stream is currently comprised of two separate rental units. The first floor is occupied by an office tenant, generating a monthly rental income of $1400. The second floor features a residential apartment, currently leased for $825 per month, providing a stable and consistent cash flow. This translates to a combined monthly rental income of $2225. The property is ideally situated in Lancaster, offering convenient access to local amenities, businesses, and transportation routes. The building's mixed-use nature provides flexibility for future development or continued operation as a rental property. The asking price for this attractive investment is $310,000. This represents a compelling opportunity for investors seeking a strong return on investment in a desirable location. The current tenants provide immediate income, minimizing vacancy risk and maximizing profitability. Serious inquiries are encouraged to explore this promising investment prospect further. Detailed financial statements and lease agreements are available upon request.

Property Details for 422 Broad St

Property type
Mixed-use properties
Square Feet
2,766 SF
Year Built
1900
Lot Size (sq. ft)
3,920 SF

Location Insight

City
Lancaster
County
Fairfield
State
Ohio
Latitude
39.71813
Longitude
-82.60142
422 Broad St, Lancaster, Ohio

FAQs

What type of property is this?
Mixed-use property - High-yield property with office & apartment.
Where is the mixed-use property located?
The property is located at 422 Broad St Lancaster, OH.
What is the asking price?
The asking price for this property is $310,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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422 Broad St
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