500 Maple StLancaster, OH 43130

Property Details for 500 Maple St

Year built

1940

Construction

STEEL FRAME

Lot size

0.07 AC

Property size (Sq ft)

2,406 SF

Property type

Retail properties

Property subtype

Retail space

APN

053-30532.00

APU

533053200

Description

This exceptional mixed-use commercial property, situated at 500 N Maple Street in Lancaster, Ohio, presents a unique investment opportunity. Boasting 2,406 square feet on a 0.07-acre lot, this building offers ample space for a variety of commercial ventures. Previously utilized as a church and more recently as a billing office, its adaptable layout allows for creative repurposing. The interior features a full kitchen, two half-bathrooms, and numerous separate offices or rooms, providing flexibility for diverse business needs. A large common area offers significant potential for customization, accommodating retail spaces, studios (yoga, dance, etc.), salons, massage therapy practices, daycare centers, or other similar uses. The possibilities are truly extensive. Street parking is available for customers and employees. The current tenants will vacate the premises upon closing, ensuring immediate occupancy for the new owner. This property's convenient Lancaster location and versatile design make it an ideal choice for entrepreneurs seeking a well-established space to launch or expand their business. The asking price is $139,900.

• CAP approach

  CAP return

  Valuation

  6%

  $615,652

  6.5%

  $568,294

  7%

  $527,701

• Comparable approach

  Method

  Valuation

  Relative Method

  $567,144

  Geo Method

  $567,144

• Alternative Use

  Use

  Valuation

  Residential

  $479,377

  Hospitality

  $439,107

  Educational

  $365,332

  Medical

  $377,896

  Retail

  $568,294

Location Insight

City

Lancaster

County

Fairfield

State

Ohio

Latitude

39.7186

Longitude

-82.5933

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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