132 6Th AveLancaster, OH 43130

Property Details for 132 6Th Ave

Year built

1950

Construction

STEEL FRAME

Lot size

0.24 AC

Property size (Sq ft)

5,724 SF

Property type

Retail properties

Property subtype

Retail space

APN

053-20529.00

APU

532052900

Description

This exceptional commercial property, located at 132 W 6th Ave in Lancaster, Ohio, presents a unique investment opportunity. The 8,561 square foot building sits on a 0.43-acre lot and is zoned CN - Neighborhood Commercial. Built in 1950, this single-story structure has served as a thriving mower and tool sales and service business for many years. The asking price for the real estate is $700,000. The property's address is 132 W 6th Ave, Lancaster, OH 43130, within Fairfield County. Parcel numbers are 0532052900 and 0532053100. The existing business is also available for sale separately, offering a potential for continued operation or redevelopment. This presents a rare chance to acquire a well-established business and prime real estate in a desirable location. The property's history and established clientele provide a strong foundation for future success. Serious inquiries are encouraged to explore this compelling investment opportunity further. Note that the business inventory is not included in the sale price and will vary daily. Financial information for the business is available upon execution of a Non-Disclosure Agreement.

• CAP approach

  CAP return

  Valuation

  6%

  $1,464,668

  6.5%

  $1,352,001

  7%

  $1,255,429

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,349,266

  Geo Method

  $1,349,266

• Alternative Use

  Use

  Valuation

  Residential

  $1,140,463

  Hospitality

  $1,044,658

  Educational

  $869,143

  Medical

  $899,035

  Retail

  $1,352,001

Location Insight

City

Lancaster

County

Fairfield

State

Ohio

Latitude

39.7196

Longitude

-82.6029

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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