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    W Fair Ave Lancaster, OH 43130

    Pending
    For Sale
    $324,900

    LAND - Lancaster, OH

    Lot size:
    17.77 Acres
    Days on Market:
    281
    Last Refresh:
    Dec 6 at 2:06 pm

    Property Features for W Fair Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    05-31007-300
    Lot size
    17.77 Acres

    Rise Realty Co. (740) 475-7491 [email protected]

    Listing agent Jeremy R Mills (740) 503-6648

    Listing date Mar 1, 2025

    MLS# 223018129 Listing URL

    Copyright © 2025 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.

    Overview

    Lancaster Farmland: Development Opportunity

    This expansive 17.77-acre farmland is located within the city limits of Lancaster, Ohio, in Fairfield County. The property presents a potential opportunity for a housing development. Situated in a picturesque location, it offers a blend of convenience and tranquility. The land is positioned within a flourishing real estate market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lancaster
    County
    Fairfield
    State
    Ohio
    Longitude
    -82.637371
    Latitude
    39.729782

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    FAQs

    What type of property is this?
    Land - 17-acre farmland within Lancaster city limits, ideal for development.
    Where is this land located?
    The property is located at W Fair Ave Lancaster, OH.
    What is the asking price?
    The asking price for this property is $324,900.
    What are key features of this property?
    This property features: - Expansive 17-acre farmland - a rare opportunity!; - Located within Lancaster's city limits, offering a blend of convenience and tranquility.; - Potential for housing development in a flourishing real estate market.
    (740) 503-6648
    Request Owner's contact information
    W Fair Ave Lancaster, OH 43130
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    Lancaster, OH 43130
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    W Fair Ave Lancaster, OH 43130
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