123 Broad StLancaster, OH 43130

Property Details for 123 Broad St

Year built

1939

Construction

STEEL FRAME

Lot size

0.67 AC

Property size (Sq ft)

38,554 SF

Property type

Hospitality properties

Property subtype

Hotels

APN

053-50437.00

APU

535043700

Description

This exceptional executive office space at 123 S Broad Street in Lancaster, Ohio, offers a unique opportunity for businesses seeking a prestigious downtown location. The property, a special-purpose building constructed in 1900, boasts a total of 19,883 square feet, currently featuring one suite. While the entire building is a single suite, flexible lease options are available, accommodating spaces ranging from a minimum of 100 square feet to a maximum contiguous space of 1,320 square feet. Currently, 2,300 square feet of office space is available. The building is situated on a 0.32-acre lot and enjoys a highly convenient location across from the Municipal Building, Police Department, and Post Office. All public utilities and internet access are available

• CAP approach

  CAP return

  Valuation

  6%

  $7,622,654

  6.5%

  $7,036,296

  7%

  $6,533,703

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,474,902

  Geo Method

  $8,474,902

• Alternative Use

  Use

  Valuation

  Residential

  $7,681,590

  Hospitality

  $7,036,296

  Educational

  $5,854,116

  Medical

  $6,055,448

  Retail

  $9,106,402

Location Insight

City

Lancaster

County

Fairfield

State

Ohio

Latitude

39.7147

Longitude

-82.6023

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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