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Lancaster Mixed-Use Investment Opportunity

530-532 N Columbus Street, Lancaster, OH 43130

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For Sale

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Turnkey mixed-use building with bar and renovated apartments.

Type:Mixed Use, Retail

Property size:

4,960 SF

Price / SF:

$115/SF

HighLights

Turnkey mixed‑use building with established bar and renovated apartments.
Strong cash flow potential from both commercial and residential units.
Two renovated apartments with high‑end industrial finishes.
Long‑operating neighborhood bar with a strong local presence.
Private parking lot, a rare amenity for downtown properties.
Versatile opportunity for investors or owner‑operators.

We can help!

Contact an agent

Dylan Knecht

Learn more

For Sale

Contact for pricing

Turnkey mixed-use building with bar and renovated apartments.

Type:Mixed Use, Retail

Property size:

4,960 SF

Price / SF:

$115/SF

Added:: Feb 11, 2026
Days on Market:: 146
Last Refresh:: Jun 24 at 3:52 pm

Property Features for 530-532 N Columbus Street

General Information

Standard status: Active
Size: 4,960 SF
Property subtype: Mixed Use, Retail

Building Details

Year Built: 1900

We can help!

Contact an agent

Dylan Knecht

Listing office RE/MAX Apex

Listing date Feb 11, 2026

Source Crexi

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 RE/MAX Apex

HighLights

Turnkey mixed‑use building with established bar and renovated apartments.
Strong cash flow potential from both commercial and residential units.
Two renovated apartments with high‑end industrial finishes.
Long‑operating neighborhood bar with a strong local presence.
Private parking lot, a rare amenity for downtown properties.
Versatile opportunity for investors or owner‑operators.

Overview

This mixed-use building in Lancaster offers a main level neighborhood bar and two renovated apartments. The bar has a long operating history and established layout. Upstairs are a spacious two-bedroom unit and a stylish one-bedroom unit, both featuring updated interiors with exposed elements and contemporary touches. A private parking lot is located at the rear of the building. The property offers versatility, charm, and upside potential for investors seeking diversified income streams or owner-operators looking to control their business and real estate.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$89.3k	$18.00
− Vacancy	−$10.7k	−$2.16
EGI	$78.6k	$15.84
− OpEx	−$29.5k	−$5.94
NOI	$49.1k	$9.90

4,960 SF · lease $18.00/SF/yr · vacancy 12.00% · expense 37.50%

Alternative Uses

Best Use

Mixed Use

$701.5K

$613.8K – $818.4K (±1% cap)

NOI $49,104 @ 7.0% cap · market cap 8.54%

Second Best

Multifamily LT 5

$691.0K

$604.7K – $806.2K (±1% cap)

NOI $48,372 @ 7.0% cap · market cap 8.41%

Theoretical Best

Warehouse

$999.7K

$874.7K – $1.17M (±1% cap)

NOI $69,979 @ 7.0% cap · market cap 12.17%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Bars & Pubs

Suggested Use

Location Insight

Map
Local Demand

City: Lancaster
County: Fairfield
State: Ohio
Longitude: -82.6041515
Latitude: 39.7198052

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For sale
Mixed-use properties
OH
Lancaster
43130
530-532 N Columbus Street

What type of property is this?

Mixed-use property - Turnkey mixed-use building with bar and renovated apartments.

Where is this mixed-use property located?

The property is located at 530-532 N Columbus Street Lancaster, OH.

What is the asking price?

The asking price for this property is $575,000.

What are key features of this property?

This property features: Turnkey mixed‑use building with established bar and renovated apartments.; Strong cash flow potential from both commercial and residential units.; Two renovated apartments with high‑end industrial finishes.