2020 Main StLancaster, OH 43130

Property Details for 2020 Main St

Year built

1956

Construction

STEEL FRAME

Lot size

10.83 AC

Property size (Sq ft)

1,500 SF

Property type

Retail properties

Property subtype

Gas stations

APN

053-50029.00

APU

535002900

Description

This exceptional 10.83-acre commercial land parcel is strategically located at 2020 E Main St, Lancaster, Ohio, in Fairfield County (zip code 43130). The property presents a unique investment opportunity for developers and businesses seeking a substantial footprint in a thriving Ohio market. The site is conveniently situated and offers excellent visibility and accessibility. While an existing gas station is present on adjacent land, this sale specifically excludes the gas station itself. However, the current gas station owners are committed to providing convenient access to the property via their existing establishment, ensuring seamless integration for future development. The expansive acreage provides ample space for a wide range of commercial ventures, from retail and industrial projects to hospitality and mixed-use developments. This is a rare opportunity to acquire a significant land holding in a desirable location with established access points. The property's size and location make it an ideal candidate for large-scale commercial development. Buyers should conduct their own due diligence to confirm zoning and development possibilities. The asking price for this exceptional property is $300,000.

• CAP approach

  CAP return

  Valuation

  6%

  $383,823

  6.5%

  $354,298

  7%

  $328,991

• Comparable approach

  Method

  Valuation

  Relative Method

  $353,581

  Geo Method

  $353,581

• Alternative Use

  Use

  Valuation

  Residential

  $298,864

  Hospitality

  $273,757

  Educational

  $227,763

  Medical

  $235,596

  Retail

  $354,298

Location Insight

City

Lancaster

County

Fairfield

State

Ohio

Latitude

39.7144

Longitude

-82.5538

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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