Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1006 Broad St Lancaster, OH 43130

    For Sale
    $325,000

    Versatile Space, High Potential

    Property size:
    5,736 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional Lancaster, Ohio property at 1006 S Broad Street presents a unique investment opportunity. The 5,736 square foot building sits on a 5,227.2 square foot lot and offers a compelling blend of commercial and residential space, priced at $325,000 ($56.66/sq ft). The main level features a sizable commercial space, including a front room, large showroom or studio, and a separate office with a fireplace. A first-floor apartment with a kitchenette, living room, bedroom, and bathroom offers additional income potential or flexible living arrangements. Upstairs, a spacious living area boasts a vaulted great room, two bedrooms, a sunroom, and a kitchen with attractive wood cabinets. Private access to the outdoors is available from this upper-level residential space. A significant asset is the attached 2,810 square foot warehouse, featuring shelves and cabinets, accessible via a private paver patio and fenced side yard. The property benefits from updated electrical systems. The diverse layout and substantial square footage make this property ideal for a variety of uses, promising significant return on investment. This is a must-see property for discerning investors seeking a versatile and profitable venture in a desirable location.

    Property Features for 1006 Broad St

    General Information

    Property type
    Specialty properties
    Square Feet
    5,736 SF

    HighLights

    • $325,000 asking price for a 5,736 SF special purpose property.
    • 5,736 square feet of net rentable space.
    • $56.66 price per square foot.
    • 5,227.2 square foot lot.
    • Located at 1006 S Broad Street, Lancaster, OH 43130.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Fairfield
    State
    Ohio
    Longitude
    -82.6025927
    Latitude
    39.6995918

    Nearby Similar for Sale

    • $99,999
      0.17 Acres

      Lancaster Duplex Investment Opportunity

      Duplex with two-bedroom units and full basements, requires repairs.
      510 W Wheeling St, Lancaster, OH 43130
      View Details
    • New
      $225,000
      0.18 Acres

      Lancaster Duplex: Investment Opportunity

      Duplex in Lancaster, perfect for investors or owner-occupants.
      720 W Hubert Ave, Lancaster, OH 43130
      View Details
    • $149,888
      0.14 Acres

      Lancaster Two-Unit Investment Opportunity

      Two-unit property with immediate possession, ideal for investors.
      918 2Nd St, Lancaster, OH 43130
      View Details
    • $350,000
      1,260 SF

      High Profile Corner Retail Property

      Eastside Lancaster corner property near medical offices and Fairfield Medical Center.
      1301 E Main St, Lancaster, OH 43130
      View Details
    • New
      $1,725,000

      100+ Acre Rustic Estate

      Two homes on 100+ acres with multiple outbuildings.
      4300 Bis Rd SW, Lancaster, OH 43130
      View Details
    • $324,900
      0.24 Acres

      Lancaster Mixed-Use Opportunity

      Versatile mixed-use building in Lancaster's thriving downtown corridor.
      846 E Main St, Lancaster, OH 43130
      View Details

    FAQs

    What type of property is this?
    Specialty property - Versatile Space, High Potential
    Where is this specialty property located?
    The property is located at 1006 Broad St Lancaster, OH.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: $325,000 asking price for a 5,736 SF special purpose property.; 5,736 square feet of net rentable space.; $56.66 price per square foot.
    Request Owner's contact information
    1006 Broad St Lancaster, OH 43130
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1006 Broad St
    Lancaster, OH 43130
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1006 Broad St Lancaster, OH 43130
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.