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Flex Space with Storefront
For Sale
Contact for pricing
Pending

401 Washington Ave, Lancaster, OH 43130

Existing office, retail, and storage areas offer multiple commercial configuration options.

Property SizeContact for details
Days on Market142

Property Features for 401 Washington Ave

General Information

Standard status Pending
Property subtype Retail

Property Condition

Severity Repairs Needed
Evidence Some structural work will be required

Additional Details

Opportunity Zone Yes
Listing Agency: Reafco
Listed By: Markus Atkins · License #OH SAL.2020000970
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 10:30AM

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 Reafco

Investment Insights

Based on property information with market context.

This commercial property combines storefront and office areas with additional storage space. It has been occupied by a window company for years, and the existing windows and doors are reported to be in good condition. The property requires structural work, while the storage area will need redevelopment.

The area behind the storefront and offices may be converted into additional flex space, subject to proper conversion work. The property is located within an opportunity zone and can accommodate a range of commercial layouts, including office, storefront retail, storage, or a combination of these uses.

Key Highlights

  • Flex space classification with storefront, office, and storage components
  • Occupied by a window company for years
  • Windows and doors are in good shape

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Parking Lot & Garage Daycare Center (Bike/Boat/Book/etc) Store HVAC Service Carpet & Flooring Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

805
Businesses Nearby
Under-served
Demand for This Use

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Existing office, retail, and storage areas offer multiple commercial configuration options.
Where is this flex space located?
The property is located at 401 Washington Ave Lancaster, OH.
What are key features of this property?
This property features: Flex space classification with storefront, office, and storage components; Occupied by a window company for years; Windows and doors are in good shape
More about this property
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