103 Cedar Hill RdLancaster, OH 43130

Property Details for 103 Cedar Hill Rd

Year built

1948

Construction

STEEL FRAME

Lot size

0.07 AC

Property size (Sq ft)

924 SF

Property type

Medical offices

Property subtype

Medical centers

APN

053-60846.00

APU

536084600

Description

This exceptional mixed-use property at 103 Cedar Hill Road, Lancaster, OH, presents a compelling investment opportunity. Spanning 924 square feet on a 0.07-acre lot, the building has undergone recent renovations, ensuring a move-in ready condition for a variety of commercial ventures. The property boasts ADA compliance, a significant advantage for businesses seeking accessibility for all customers and employees. Ample parking is available, addressing a key concern for both staff and patrons. Its location in a high-traffic area guarantees excellent visibility and accessibility, maximizing potential customer reach. The building's versatile design allows for multiple uses, catering to a broad range of business models. The sale is conducted "as is," providing a transparent and straightforward transaction. This prime commercial space offers an excellent chance to establish or expand a business in a thriving Lancaster location. The combination of recent renovations, ADA compliance, ample parking, and high-traffic location makes this property a truly attractive investment. Serious inquiries are encouraged to explore the full potential of this versatile commercial building. The property is ready for immediate occupancy, allowing for a swift and efficient transition for the new owner. Don't miss this chance to secure a well-positioned commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $160,840

  6.5%

  $148,468

  7%

  $137,863

• Comparable approach

  Method

  Valuation

  Relative Method

  $86,431

  Geo Method

  $86,431

• Alternative Use

  Use

  Valuation

  Residential

  $184,100

  Hospitality

  $168,635

  Educational

  $140,302

  Medical

  $145,127

  Retail

  $218,248

Location Insight

City

Lancaster

County

Fairfield

State

Ohio

Latitude

39.7114

Longitude

-82.6136

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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