Finished Retail Space with Storefront
For Sale
Contact for pricing
1408 Ety Road, Lancaster, OH 43130
Fully finished interiors include carpeted floors, rear partitioning, and two accessible restrooms.
Property Size4,000 SF
Price / SF$0.00
Days on Market57
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 1408 Ety Road
General Information
Standard status
Active
Size
4,000 SF
Property Condition
Severity
Repairs Needed
Evidence
in need of minimal improvement
Listing Agency:
Keller Williams Greater Cols
(614) 944-5900
Listed By:
Zachary T DeLeon · License #2003013816
(740) 503-8912
Source:
Maryhatem
Added: Aug 20
Changed: Oct 8
Last Checked: Oct 14 at 10:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Greater Cols
Investment Insights
Based on property information with market context.
This approximately 4,000 SF retail unit offers a finished interior suited to a range of commercial layouts. Features include carpeted flooring, extensive storefront glazing, a partially divided rear section, strong lighting, and 2 accessible restrooms. The space was most recently configured for furniture and mattress showroom use.
Located at the Ety Road and Memorial Drive intersection in Greenfield Twp, the property sits within Lancaster’s commercial district. Nearby retail and restaurant anchors include Walmart, Menard’s, Kohl’s, Panera, and Chick-fil-A, with surrounding single-family housing and new apartments. The center provides on-site parking and signage, along with access to additional available units ranging from 1,000 to 4,000 SF.
Located at the Ety Road and Memorial Drive intersection in Greenfield Twp, the property sits within Lancaster’s commercial district. Nearby retail and restaurant anchors include Walmart, Menard’s, Kohl’s, Panera, and Chick-fil-A, with surrounding single-family housing and new apartments. The center provides on-site parking and signage, along with access to additional available units ranging from 1,000 to 4,000 SF.
Key Highlights
- Approximately 4,000 SF of fully finished retail space
- Sweeping storefront windows with strong natural light
- Carpeted floors and a semi‑partitioned rear area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,389
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,780
$307.8K
Cap Rate 7%
$219,843
$219.8K
Cap Rate 9%
$170,989
$171.0K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$22.8K $5.70/SF
− Vacancy
−$816 −$0.20/SF
EGI
$22.0K $5.50/SF
− OpEx
−$6.6K −$1.65/SF
NOI
$15.4K $3.85/SF
Area
Fairfield County, OH
Vacancy
3.58%
Lease Rate
$5.70 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,780
Cap Rate 7%
$219,843
Cap Rate 9%
$170,989
Alternative Uses
Best Use
Retail
$219.8K
$192.4K – $256.5K
NOI $15,389 @ 7.0% cap · market cap 109,921.43%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$806.2K
$705.4K – $940.6K
NOI $56,435 @ 7.0% cap · market cap 403,107.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
Explore this area
Business Placement
Demographics for 43130, OH
62,010
Population
26,434
Households
2.3
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
164.5 sq mi
ZIP Area
377
Density / Sq Mi
$68,242
Median Household Income
$43,936
Median Earnings
$1,031
Median Rent
$215,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Fully finished interiors include carpeted floors, rear partitioning, and two accessible restrooms.
Where is this retail space located?
The property is located at 1408 Ety Road Lancaster, OH.
What are key features of this property?
This property features: Approximately 4,000 SF of fully finished retail space; Sweeping storefront windows with strong natural light; Carpeted floors and a semi‑partitioned rear area
