1117 Mulberry StLancaster, OH 43130

Property Details for 1117 Mulberry St

Year built

1945

Construction

STEEL FRAME

Lot size

0.22 AC

Property size (Sq ft)

6,680 SF

Property type

Industrial properties

Property subtype

Other warehouses

APN

053-11769.00

APU

531176900

Description

This exceptional Lancaster, Ohio warehouse property at 1117 W Mulberry Street presents a unique investment opportunity. The 32,600 square foot building, constructed in 1945, is classified as Class C and features a single suite. Currently, approximately 6,907 square feet are leased, and the owner occupies 7,228 square feet. The owner will lease back the occupied space for up to 24 months, providing a potential income stream during the transition. A significant portion of the building, totaling 7,136 square feet, is currently vacant and offers potential for redevelopment. The vacant space is comprised of multiple units in varying conditions, requiring remodeling. This property boasts a prime location in Lancaster, Ohio, situated next to Anchor Hocking. Adding to its appeal is an included vacant lot across Union Street, zoned for additional off-street parking, enhancing the property's functionality and value. The property's address is 1117 W Mulberry Street, Lancaster, OH 43130, with a lot size of 0.94 acres (APN: 05-31176-900). The substantial size, strategic location, and included vacant lot make this a compelling investment prospect for those seeking a warehouse property with redevelopment potential in a thriving area. The property's multiple tenancy status and the owner's lease-back agreement offer flexibility for future development plans.

• Alternative Use

  Use

  Valuation

  Residential

  $1,330,939

  Hospitality

  $1,219,133

  Educational

  $1,014,304

  Medical

  $1,049,188

  Retail

  $1,577,807

Location Insight

City

Lancaster

County

Fairfield

State

Ohio

Latitude

39.717

Longitude

-82.6197

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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