201 Broad St Lancaster, OH 43130-4306
- Retail space
- 33,756 SF
- 0.15 lot acres
Current Use by Public Records
- American Legion / Veterans Organization
- City of Life / Church
- First Church-Christian Scntst / Church
- Refreshing 90.9 FM WFCO / Radio Broadcaster
- Justine’s Esthetics / Beauty Salon
Property Details for 201 Broad St
- Year built
- 1913
- Construction
- STEEL FRAME
- Lot size
- 0.15 lot acres
- Property size
- 33,756 SF
- Property type
- Retail space
- APN
- 053-50387.00
- APU
- 535038700
Description
This exceptional 3,708-square-foot office suite is located on the fourth floor of a historic five-story building at 201 S Broad St, suite 400, in the heart of Lancaster's vibrant downtown. Built in 1913, this Class C building offers a unique blend of character and modern convenience. The suite itself boasts ten private offices, a spacious lobby with reception area, a well-equipped break/conference room complete with a sink, a dedicated server room, and multiple private bathrooms. A comfortable waiting area is also included. The building features an elevator for easy access to all floors. Utilities are included in the lease. The property sits on a 0.15-acre lot and is part of a single-tenant occupancy building with a total of 26,000 square feet. Its prime location places it within walking distance of a diverse array of locally owned restaurants, shops, and ongoing development projects. The convenience of being just one block from the courthouse adds to its appeal. This is a rare opportunity to secure a substantial, well-appointed office space in a highly desirable and historic downtown location. The suite is immediately available.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $395,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $420,000
- 6.5%
- $395,000
- 7%
- $470,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $390,000
- Geo Method
- $390,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $440,000
- Retail
- $485,000
- Mixed-Use
- $500,000
- Hospitality
- $515,000
- Educational
- $400,000
- Residential Income
- $405,000
- Energy
- $465,000
- Income-Based Land
- $440,000
- Food Service
- $515,000
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Fairfield
- State
- Ohio
- Longitude
- -82.6024
- Latitude
- 39.7123
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
