1471 Sugar Grove RdLancaster, OH 43130
- Industrial properties
- 8,160 SF
Property Details for 1471 Sugar Grove Rd
- Year built
- 2006
- Construction
- STEEL FRAME
- Lot size
- 3.63 AC
- Property size (Sq ft)
- 8,160 SF
- Property type
- Industrial properties
- APN
- 054-52388.30
- APU
- 545238830
Description
This exceptional single-tenant office building, located at 1471 Sugar Grove Road SE in Lancaster, Ohio, presents a significant opportunity. The property boasts a substantial 18,960 square feet of space, ideal for a variety of business needs. Situated on a generous 3.63-acre lot, the building offers ample parking and room for expansion. The interior features a large, open reception/work area, perfect for collaborative environments or a dynamic office layout. Three additional private offices provide space for executive suites or departmental separation, offering flexibility for different organizational structures. The property's address is 1471 Sugar Grove Road SE, Lancaster, OH 43130, with a cross street of Ewing. The property's APN is 05-45238-830. This location provides easy access to major transportation routes, making it convenient for employees and clients alike. The building's single-tenant occupancy simplifies management and provides a stable income stream for investors. This is a rare opportunity to acquire a substantial, well-located office building in a thriving Ohio market. The property is ready for immediate occupancy, offering a turnkey solution for businesses seeking a prominent and functional workspace. The expansive layout and strategic location make this property an attractive investment prospect.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,279,150
- 6.5%
- $3,026,910
- 7%
- $2,810,700
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,221,260
- Geo Method
- $1,221,260
-
Alternative Use
- Use
- Valuation
- Retail / Commercial
- $1,532,340
- Mixed-Use / Specialty
- $1,511,230
- Hospitality / Lodging
- $1,088,380
- Office
- $1,485,960
- Institutional / Educational
- $1,565,480
- Residential Income
- $1,831,610
- Multifamily
- $2,283,450
- Automotive / Energy
- $1,341,840
- Parking / Income-Based Land
- $478,506
- Restaurant / Food Service
- $752,622
- Healthcare / Senior Housing
- $1,565,780
Location Insight
- City
- Lancaster
- County
- Fairfield
- State
- Ohio
- Latitude
- 39.6994
- Longitude
- -82.5812
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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