Updated Retail
For Sale
Contact for pricing
1412 Ety Road, Lancaster, OH 43130
Commercial storefront with refreshed building systems, accessible restroom, dual-entry access, and parking at Ety Centre.
Property Size1,800 SF
Price / SF$0.01
Days on Market56
Property Features for 1412 Ety Road
General Information
Standard status
Active
Size
1,800 SF
Property Condition
Severity
Repairs Needed
Evidence
Needs only new flooring
Amenities
new LED overhead lighting
NEW HVAC
central accessible restroom
newer storefront
front and rear entrances
signage
Listing Agency:
Keller Williams Greater Cols
(614) 944-5900
Listed By:
Zachary T DeLeon · License #2003013816
(740) 503-8912
Source:
Maryhatem
Added: Aug 21
Changed: Oct 4
Last Checked: Oct 14 at 10:52PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering includes approximately 1,800 SF of retail space within Ety Centre. Recent improvements include LED overhead fixtures, a new HVAC system, a central accessible restroom, and a newer storefront. Separate entry points serve the front and rear of the space. New flooring remains the primary finish needed before occupancy.
Located at 1412 Ety Road in Lancaster, the center sits at Ety Road and Memorial Drive in Greenfield Twp. The intersection records traffic counts in the tens of thousands and is positioned within Lancaster’s expanding commercial district. Walmart, Menard's, Kohl's, Panera, and Chick-fil-A are among the surrounding commercial anchors, with nearby single-family homes and new apartments. On-site parking, signage, and convenient access support customer-oriented retail use.
Located at 1412 Ety Road in Lancaster, the center sits at Ety Road and Memorial Drive in Greenfield Twp. The intersection records traffic counts in the tens of thousands and is positioned within Lancaster’s expanding commercial district. Walmart, Menard's, Kohl's, Panera, and Chick-fil-A are among the surrounding commercial anchors, with nearby single-family homes and new apartments. On-site parking, signage, and convenient access support customer-oriented retail use.
Key Highlights
- Approximately 1,800 SF of retail space
- New HVAC system and LED overhead lighting
- Central accessible restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,925
Suggested Prices Based on Cap Rates
Cap Rate 5%
$138,500
$138.5K
Cap Rate 7%
$98,929
$98.9K
Cap Rate 9%
$76,944
$76.9K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$10.3K $5.70/SF
− Vacancy
−$367 −$0.20/SF
EGI
$9.9K $5.50/SF
− OpEx
−$3.0K −$1.65/SF
NOI
$6.9K $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%
$138,500
Cap Rate 7%
$98,929
Cap Rate 9%
$76,944
Alternative Uses
Best Use
Retail
$98.9K
$86.6K – $115.4K
NOI $6,925 @ 7.0% cap · market cap 38,472.22%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$362.8K
$317.5K – $423.3K
NOI $25,396 @ 7.0% cap · market cap 141,088.89%
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 - Commercial storefront with refreshed building systems, accessible restroom, dual-entry access, and parking at Ety Centre.
Where is this retail space located?
The property is located at 1412 Ety Road Lancaster, OH.
What are key features of this property?
This property features: Approximately 1,800 SF of retail space; New HVAC system and LED overhead lighting; Central accessible restroom
