385 Lincoln AveLancaster, OH 43130

Property Details for 385 Lincoln Ave

Year built

1953

Construction

STEEL FRAME

Lot size

0.42 AC

Property size (Sq ft)

5,117 SF

Property type

Retail properties

Property subtype

Retail space

APN

053-61245.00

APU

536124500

Description

This exceptional 5,117 square foot commercial property, located at 385 Lincoln Ave in Lancaster, Ohio, presents a unique investment opportunity. Situated in Fairfield County, this single-tenant building offers a versatile space ideal for a variety of businesses. The property's classification encompasses retail, industrial, and special purpose uses, providing flexibility for diverse operational needs. Its "flex" and "warehouse" subtypes suggest a layout that seamlessly blends office and storage areas, making it suitable for companies requiring both administrative space and ample storage capacity. The property's address is 385 Lincoln Ave, Lancaster, OH 43130, with precise coordinates available upon request. The building's single-tenant occupancy ensures streamlined management and predictable income streams. This property is an excellent choice for businesses seeking a well-located, adaptable space in a thriving Ohio community. The property's size and zoning make it suitable for a range of uses, from light manufacturing and distribution to retail showrooms and specialized service businesses. Further details regarding the property's internal layout and features are available upon request. This is a rare opportunity to acquire a well-positioned commercial property in a growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,309,347

  6.5%

  $1,208,628

  7%

  $1,122,298

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,206,183

  Geo Method

  $1,206,183

• Alternative Use

  Use

  Valuation

  Residential

  $1,019,523

  Hospitality

  $933,878

  Educational

  $776,975

  Medical

  $803,697

  Retail

  $1,208,628

Location Insight

City

Lancaster

County

Fairfield

State

Ohio

Latitude

39.7133

Longitude

-82.6092

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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