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    2405 Columbus St Lancaster, OH 43130

    Sponsored
    For Lease
    $14 SF/Yr

    Prime Lancaster medical space available.

    Lot size:
    23,159 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional multi-tenant medical office building in Lancaster, Ohio, presents a unique investment opportunity. Located at 2405 N Columbus St, 43130, this property boasts a total of 23,159 square feet, with significant space currently available for lease. Multiple suites are available, ranging from 1,490 square feet to a maximum contiguous space of 23,159 square feet. Currently, 15,797 square feet are vacant, offering flexibility for various medical practices. The building features a convenient parking ratio of 5 spaces per 1000 square feet. Specific suite availabilities include: Suite 110 (1,490 sq ft available for sublease), Suites 120, 150, and 160 (8,852 sq ft available November 1, 2023), Suite 140 (14,307 sq ft available for sublease), Suite 205 (4,271 sq ft available November 1, 2023), and Suite 235 (2,552 sq ft available). The property also benefits from recently renovated common areas and an on-site surgical center. Generous tenant improvement allowances are available, along with opportunities for custom build-outs to suit specific needs. This Fairfield County location provides excellent access and visibility. The property is categorized as a medical office building with multiple tenancies.

    Property Features for 2405 Columbus St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    23,159 SF
    Total Rate
    27018.83

    Unit(s) available at that property

    Space
    Suite 210
    Size
    2,587 SF
    Rate per SF
    $14
    Space
    Suite 220
    Size
    4,231 SF
    Rate per SF
    $14

    HighLights

    • Exceptional 23,159 SF multi‑tenant medical office building in Lancaster, OH, with significant vacancy.
    • Multiple suites available for lease, ranging from 1,490 SF to 23,159 SF contiguous.
    • 15,797 SF currently vacant; various suite sizes available for lease and sublease, including immediate and future availability.
    • 5/1000 parking ratio; recently renovated common areas and on‑site surgical center.
    • Generous tenant improvement allowances and custom build‑out options available; excellent access and visibility in Fairfield County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gital Patel, MD Allergist River Valley Sportsmed Orthopedic Surgeon Lancaster Sleep Diagnostic ... Diagnostic Center Montgomery Jason R Medical Clinic Central Ohio Neurological Medical Clinic

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Fairfield
    State
    Ohio
    Longitude
    -82.6345857
    Latitude
    39.7407088

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    FAQs

    What type of property is this?
    Medical office - Prime Lancaster medical space available.
    Where is this medical office located?
    The property is located at 2405 Columbus St Lancaster, OH.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Exceptional 23,159 SF multi-tenant medical office building in Lancaster, OH, with significant vacancy.; Multiple suites available for lease, ranging from 1,490 SF to 23,159 SF contiguous.; 15,797 SF currently vacant; various suite sizes available for lease and sublease, including immediate and future availability.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2405 Columbus St Lancaster, OH 43130
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