Manufacturing Property with Cold
For Sale
$1,500,000
501 S High Street, Lancaster, OH 43130
Industrial, Lancaster, OH
Property Size22,275 SF
Lot Size0.17 Acres
Price / SF$125.26
Days on Market96
Property Features for 501 S High Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
CBD
Standard status
Active
APN
05-35067-800
Size
11,975 SF
Lot size
0.17 Acres
Additional Details
Currently Operating
Yes
Property Use
Multi use office, shipping and production center
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7702
Utilities
Utilities
Water Available
Heating system
Forced Air
Building Details
Year built
2003
Floors in Building
2
Listing Agency:
e-Merge Real Estate Unlimited
(614) 678-5505
Listed By:
Thomas M Buoni · License #2016002482
(480) 316-1652
Added: Jul 28
Changed: Oct 30
Last Checked: Oct 31 at 7:06PM
MLS# 226028351
Copyright © 2026 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.
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Investment Insights
Based on property information with market context.
This manufacturing property combines production, office, shipping, and storage functions within an established commercial facility. The improvements include USDA-approved food production space, a commercial kitchen, frozen and refrigerated storage, dedicated shipping and receiving areas, and office areas. Freezer and refrigeration equipment are included, with forced-air heating serving the building.
The property occupies 0.17 acres at 501 S High Street in Lancaster, Ohio. It is positioned in an industrial neighborhood within walking distance of the downtown historic district and less than 1.2 mile from access to the Rt 33 corridor serving Southeastern Ohio. Water is available, and parking is located on the north and west sides of the building. Constructed in 2003, the facility offers an existing configuration for manufacturing and food-related operations.
The property occupies 0.17 acres at 501 S High Street in Lancaster, Ohio. It is positioned in an industrial neighborhood within walking distance of the downtown historic district and less than 1.2 mile from access to the Rt 33 corridor serving Southeastern Ohio. Water is available, and parking is located on the north and west sides of the building. Constructed in 2003, the facility offers an existing configuration for manufacturing and food-related operations.
Key Highlights
- USDA‑approved food production space with commercial kitchen
- Frozen and refrigerated storage with freezer and refrigeration equipment included
- Dedicated shipping and receiving areas with office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,594
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,011,880
$1.0M
Cap Rate 7%
$722,771
$722.8K
Cap Rate 9%
$562,156
$562.2K
Market Conditions
NOI Build-Up for 11,975 SF
Gross rent
$69.0K $5.76/SF
− Vacancy
−$1.5K −$0.13/SF
EGI
$67.5K $5.63/SF
− OpEx
−$16.9K −$1.41/SF
NOI
$50.6K $4.22/SF
Area
Fairfield County, OH
Vacancy
2.20%
Lease Rate
$5.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,011,880
Cap Rate 7%
$722,771
Cap Rate 9%
$562,156
Alternative Uses
Best Use
Warehouse
$2.41M
$2.11M – $2.82M
NOI $168,951 @ 7.0% cap · market cap 11.26%
Second Best
Industrial
$1.99M
$1.74M – $2.32M
NOI $139,136 @ 7.0% cap · market cap 9.28%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,162
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Production-oriented facility with food processing areas, office space, shipping functions, and refrigeration infrastructure.
Where is this manufacturing property located?
The property is located at 501 S High Street Lancaster, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: USDA‑approved food production space with commercial kitchen; Frozen and refrigerated storage with freezer and refrigeration equipment included; Dedicated shipping and receiving areas with office space
