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    Columbus St Lancaster, OH 43130

    Sponsored
    For Sale
    $550,000

    Prime 1.25-acre pad-ready site, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.25-acre commercial land parcel, located at 0 Columbus Street in Lancaster, Ohio, presents a unique investment opportunity. Boasting 138,085.2 square feet of usable area, this pad-ready site is ideally situated next to a Lowe's home improvement store and adjacent to a 90,000 square foot Fairfield Medical Center complex. Its prime location also benefits from proximity to the River Valley Mall, ensuring high visibility and accessibility. Nearby established businesses include Bob Evans, Olive Garden, White Castle, Kohl's, Menards, Super Walmart, and Giant Eagle, creating a strong retail environment. The property offers 500 feet of frontage on Columbus Street, providing excellent exposure to a high volume of traffic. All utilities are readily available, and stormwater management is handled off-site, simplifying development. A concept plan for two 7,800 square foot buildings is available, offering a potential starting point for development. An existing conditions survey in CAD format is also provided, facilitating efficient planning and construction. This property is priced at $550,000 and represents a compelling opportunity for commercial development in a thriving Ohio market. The zip code is 43130.

    Property Features for 0 Columbus St

    General Information

    Property type
    Office Properties & Spaces
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lancaster
    County
    Fairfield
    State
    Ohio
    Longitude
    -82.60117
    Latitude
    39.7082545

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    FAQs

    What type of property is this?
    Office Property / Space - Prime 1.25-acre pad-ready site, high traffic area.
    Where is this office property / space located?
    The property is located at Columbus St Lancaster, OH.
    What is the asking price?
    The asking price for this property is $550,000.
    Request Owner's contact information
    Columbus St Lancaster, OH 43130
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    Lancaster, OH 43130
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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
    Columbus St Lancaster, OH 43130
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