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    1203 Memorial Dr Lancaster, OH 43130

    For Lease
    Contact for pricing

    High-traffic retail space, excellent visibility.

    Lot size:
    36,860 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Lancaster Plaza offers prime retail opportunities in a thriving Lancaster, OH location. Available is up to 4,190 square feet of inline space, ideal for a variety of retail businesses. Additionally, a 0.75-acre outlot is available for ground lease. This property benefits from its position in a prominent retail corridor, alongside established national tenants such as Planet Fitness, Michaels, Furniture Bank, Family Dollar, AutoZone, Rent-A-Center, and Ollie's Bargain Outlet. The strong tenant mix ensures high foot traffic and visibility. The plaza enjoys proximity to major retailers including Kroger, Target, T.J. Maxx, HomeGoods, and the expansive 52-acre River Valley Mall, further enhancing its desirability. A significant draw is the nearby Fairfield Medical Center, a $30 million facility encompassing 85,000 square feet of medical offices, outpatient services, and emergency care, contributing to a substantial daily population flow. Pylon signage opportunities are available for increased brand awareness. This location presents a compelling investment opportunity for businesses seeking high visibility and a strong customer base within a well-established retail environment. The available space and outlot provide flexibility for various retail concepts.

    Property Features for 1203 Memorial Dr

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    36,860 SF

    Unit(s) available at that property

    Space
    Outlot Available
    Size
    32,670 SF
    Space
    Former Hair Salon
    Size
    1,200 SF
    Space
    Unit 2
    Size
    2,990 SF

    HighLights

    • Up to 4,190 SF of inline retail space available.
    • 0.75‑acre outlot available for ground lease.
    • Strong tenant mix including Planet Fitness, Michaels, and other national retailers.
    • Excellent location in Lancaster's prime retail corridor, near Kroger, Target, and River Valley Mall.
    • High traffic area with proximity to Fairfield Medical Center.
    • Pylon signage opportunity available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Planet Fitness Gym

    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
    -82.610118509492
    Latitude
    39.7274388347

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic retail space, excellent visibility.
    Where is this lifestyle center located?
    The property is located at 1203 Memorial Dr Lancaster, OH.
    What are key features of this property?
    This property features: Up to 4,190 SF of inline retail space available.; 0.75-acre outlot available for ground lease.; Strong tenant mix including Planet Fitness, Michaels, and other national retailers.
    Request Owner's contact information
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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
    1203 Memorial Dr Lancaster, OH 43130
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