1560 Main StLancaster, OH 43130

Property Details for 1560 Main St

Lot size

0.59 AC

Property type

Parking lots & garages

APN

053-50059.00

APU

535005900

Description

This exceptional 0.51-acre parcel, encompassing 22,215.6 square feet, presents a remarkable opportunity for retail development in Lancaster, Ohio's vibrant East Main Street business district. Located at 1560 E Main Street, 43130, this property consists of two combined parcels, offering significant potential for a variety of commercial ventures. The site's prime location ensures high visibility and accessibility, making it an ideal spot for attracting customers. All utilities are readily available, simplifying the development process and minimizing upfront costs. This vacant land is ready for immediate development, allowing for a swift transition from acquisition to construction. The property's size and location within a thriving commercial area make it a highly attractive investment, promising strong returns for the discerning buyer. Its strategic positioning on East Main Street offers excellent exposure to a substantial volume of daily traffic, ensuring maximum visibility for any future business established on the site. This is a rare chance to secure a prime piece of Lancaster real estate, perfectly suited for a variety of retail uses. Don't miss this chance to capitalize on this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $6,631,946

  6.5%

  $6,121,796

  7%

  $5,684,525

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,109,412

  Geo Method

  $6,109,412

• Alternative Use

  Use

  Valuation

  Residential

  $5,163,964

  Hospitality

  $4,730,163

  Educational

  $3,935,440

  Medical

  $4,070,786

  Retail

  $6,121,796

Location Insight

City

Lancaster

County

Fairfield

State

Ohio

Latitude

39.7141

Longitude

-82.5704

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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