320 Broad StLancaster, OH 43130

Property Details for 320 Broad St

Year built

1900

Lot size

0.15 AC

Property size (Sq ft)

9,303 SF

Property type

Residential income properties

Property subtype

Residential income homes

APN

053-50611.00

APU

535061100

Description

This exceptional mixed-use property, located at 320 Broad Street in Lancaster, Ohio, presents a compelling investment opportunity. The building boasts a substantial 7,017 square feet of space, offering significant potential for a variety of commercial ventures. Its prime location in Lancaster ensures high visibility and accessibility, making it an ideal choice for businesses seeking a strong foothold in a thriving community. The property sits on a 0-acre lot, providing ample space for potential expansion or outdoor amenities, depending on the intended use. Priced at $1,200,000, this property represents a significant value proposition for investors seeking a versatile and well-situated commercial asset. The building's mixed-use zoning allows for a range of possibilities, from retail and office space to restaurant or service-based businesses. The substantial square footage provides ample room for multiple tenants or a single large-scale operation. Given its size and location, this property is well-suited for a variety of business models and offers a strong return on investment potential. Serious inquiries are encouraged to explore the possibilities this unique Lancaster property offers. The property is ready for immediate occupancy and presents a rare opportunity to acquire a significant commercial asset in a desirable location. Further details and potential uses can be discussed upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $2,008,014

  6.5%

  $1,853,552

  7%

  $1,721,155

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,348,814

  Geo Method

  $1,348,814

• Alternative Use

  Use

  Valuation

  Residential

  $1,853,552

  Hospitality

  $1,697,844

  Educational

  $1,412,586

  Medical

  $1,461,167

  Retail

  $2,197,356

Location Insight

City

Lancaster

County

Fairfield

State

Ohio

Latitude

39.7107

Longitude

-82.6016

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].