201 Broad StLancaster, OH 43130

Property Details for 201 Broad St

Year built

1913

Construction

STEEL FRAME

Lot size

0.15 AC

Property size (Sq ft)

33,756 SF

Property type

Retail space

APN

053-50387.00

APU

535038700

Description

This exceptional 3,708-square-foot office suite is located on the fourth floor of a historic five-story building at 201 S Broad St, suite 400, in the heart of Lancaster's vibrant downtown. Built in 1913, this Class C building offers a unique blend of character and modern convenience. The suite itself boasts ten private offices, a spacious lobby with reception area, a well-equipped break/conference room complete with a sink, a dedicated server room, and multiple private bathrooms. A comfortable waiting area is also included. The building features an elevator for easy access to all floors. Utilities are included in the lease. The property sits on a 0.15-acre lot and is part of a single-tenant occupancy building with a total of 26,000 square feet. Its prime location places it within walking distance of a diverse array of locally owned restaurants, shops, and ongoing development projects. The convenience of being just one block from the courthouse adds to its appeal. This is a rare opportunity to secure a substantial, well-appointed office space in a highly desirable and historic downtown location. The suite is immediately available.

• CAP approach

  CAP return

  Valuation

  6%

  $8,637,547

  6.5%

  $7,973,120

  7%

  $7,403,612

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,956,992

  Geo Method

  $7,956,992

• Alternative Use

  Use

  Valuation

  Residential

  $6,725,626

  Hospitality

  $6,160,637

  Educational

  $5,125,578

  Medical

  $5,301,854

  Retail

  $7,973,120

Location Insight

City

Lancaster

County

Fairfield

State

Ohio

Latitude

39.7123

Longitude

-82.6024

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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