Remodeled Medical Office
435 E Main Street Lancaster, OH 43130
435 E Main Street, Lancaster, OH, 43130
$475,000
For Sale
$475,000
SINGLE_FAMILY - Lancaster, OH
Property Size3,445 SF
Lot Size0.13 Acres
Price / SF$137.88
Days on Market110
Property Features for 435 E Main Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Rooms
- Basement
- Standard status
- Active
- APN
- 05-35102-500
- Size
- 3,445 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2623
Utilities
- Utilities
- Water Available
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
Listing agency
Rise Realty
(740) 654-5552
Listed by
Jeffrey A Sauer
(740) 503-2126
Added: Apr 3 Updated: Jul 21 at 12:03AM Checked: Jul 21 at 9:06PM
MLS# 226010249
Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located on the east side of Lancaster, this former medical office building features a remodeled interior completed in 2016. The main level is configured with 5 offices/exam rooms, 1 lab room, 1 conference room, a reception area, a waiting room, and 2 restrooms. The building is also described as meeting ADA requirements for accessibility.
An additional 2-bedroom apartment is located upstairs and is currently rented. The property is offered for sale at 435 E Main Street, Lancaster, OH 43130, in Fairfield County.
Seller prefers buyer use of seller financing, with terms to be negotiated.
An additional 2-bedroom apartment is located upstairs and is currently rented. The property is offered for sale at 435 E Main Street, Lancaster, OH 43130, in Fairfield County.
Seller prefers buyer use of seller financing, with terms to be negotiated.
Key Highlights
- Seller financing available
- Income‑generating 2‑bedroom apartment currently rented for $750/month
- Remodeled interior in 2016
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.0k | $21.48 |
| − Vacancy | −$18.6k | −$5.39 |
| EGI | $55.4k | $16.09 |
| − OpEx | −$13.9k | −$4.02 |
| NOI | $41.6k | $12.07 |
3,445 SF · lease $21.48/SF/yr · vacancy 25.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$593.8K
$519.6K – $692.8K
NOI $41,569 @ 7.0% cap · market cap 8.75%
Second Best
Healthcare Medical
$583.0K
$510.1K – $680.1K
NOI $40,808 @ 7.0% cap · market cap 8.59%
Theoretical Best
Warehouse
$694.3K
$607.6K – $810.1K
NOI $48,604 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Maple Street United ...
Church
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Office building with ADA accessibility, remodeled interior, and an upstairs 2-bedroom apartment currently rented.
Where is this medical office space located?
The property is located at 435 E Main Street Lancaster, OH.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Seller financing available; Income‑generating 2‑bedroom apartment currently rented for $750/month; Remodeled interior in 2016
