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Open-Plan Storefront Property
For Lease
$425,000

803 W Fair Avenue, Lancaster, OH 43130

Commercial General zoning, basement storage, and an adjoining side lot for parking.

Space SizeContact for details
Property Size3,485 SF
Days on Market879

Property Features for 803 W Fair Avenue

General Information

Standard status Active
Size 3,485 SF
Total Parking Spaces 29
Zoning Commercial Gen

Taxes and HOA fees

Annual Taxes $2,914

Amenities

basement storage

Building Details

Building Size 3,485 SF
Year Built 1959
Listing Agency: Better Homes & Gardens BigHill
Listed By: Allan Anderson · License #2006007358
Source: Carolgoffrealestate
Added: Apr 5, 2024 Changed: Aug 30 Last Checked: Aug 30 at 5:37PM

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 Better Homes & Gardens BigHill

Investment Insights

Based on property information with market context.

This 3485-square-foot storefront property at 803 W Fair Avenue in Lancaster, Ohio, features an open interior layout, basement storage, and a side lot that provides parking capacity. The building was constructed in 1959 and is zoned Commercial Gen.

The space previously operated as Risch's Drug Store for more than 50 years before relocating. Its established storefront configuration and open floor area provide a straightforward commercial setting along Fair Avenue, with the adjoining lot adding practical on-site parking.

Key Highlights

  • 3485 square feet of storefront space
  • Open interior layout with basement storage
  • Adjoining side lot provides on‑site parking

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Daycare Center 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.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

753
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

Lease Benchmarks for Lancaster, OH

$17.14 /SF/Yr
Avg Asking Price
$14–$21 /SF/Yr
Price Range
4,048 SF
Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • Claprood's Florist 512 W 6th Ave, Lancaster, OH 43130
  • The Shoppes @ 824 824 n memorial dr, lancaster, oh 43130

Frequently Asked Questions

What type of property is this?
Storefront property - Commercial General zoning, basement storage, and an adjoining side lot for parking.
Where is this storefront property located?
The property is located at 803 W Fair Avenue Lancaster, OH.
What is the lease rate?
The lease rate is $425,000.
What are key features of this property?
This property features: 3485 square feet of storefront space; Open interior layout with basement storage; Adjoining side lot provides on‑site parking
More about this property
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