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    1022 Old Logan Dr Lancaster, OH 43130

    Sponsored
    For Sale
    $485,000

    Five buildings, 1.69 acres, high potential.

    Property size:
    15,227 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional Lancaster, OH commercial property encompasses five distinct buildings on a 1.69-acre lot, presenting a rare investment opportunity. The main structure, a spacious 40x120 building, offers immense versatility for a wide range of commercial uses. Complementing this is a 45x90 storage building, perfect for rental income, equipment storage, or inventory management. A smaller 16x22 storage building provides additional storage capacity. A significant asset is the heated 45x62 building, equipped with three-phase power, offices, and a restroom, ideal for manufacturing, production, or similar operations requiring specialized utilities. Finally, a 26x50 heated building serves as a versatile workshop or garage. The entire property is fully fenced, ensuring security and peace of mind. With a total of 15,227 square feet of space across these five buildings, this property offers substantial potential for diverse business ventures. The property is located in Lancaster, OH, providing convenient access to local amenities and transportation routes. This is a unique opportunity to acquire a multi-building commercial property with significant potential for growth and profitability. The asking price is $485,000.

    Property Features for 1022 Old Logan Dr

    General Information

    Property type
    Investment properties
    Square Feet
    15,227 SF
    Lot Size
    73,616 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Map

    City
    Lancaster
    County
    Fairfield
    State
    Ohio
    Longitude
    -82.59373
    Latitude
    39.6997

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    FAQs

    What type of property is this?
    Investment property - Five buildings, 1.69 acres, high potential.
    Where is this investment property located?
    The property is located at 1022 Old Logan Dr Lancaster, OH.
    What is the asking price?
    The asking price for this property is $485,000.
    (740) 455-3730
    Request Owner's contact information
    1022 Old Logan Dr 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
    1022 Old Logan Dr Lancaster, OH 43130
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