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    1145 Main St Lancaster, OH 43130

    For Lease
    $132 SF/Yr

    Lancaster, OH Office Building - High Visibility

    Lot size:
    51,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional single-tenant office building, located at 1145 E Main St in Lancaster, Ohio, presents a significant opportunity. Boasting 51,000 total square feet, the property includes 14,913 square feet of vacant space, ideal for a variety of uses. Built in 1952, this one-story building features a 16-foot ceiling height and ample parking (25+ spaces), accessible from both the front and rear. The property sits on 11.8 acres of land and benefits from high visibility on the East Main Street corridor. Its location within the Kroger East Shopping Center submarket provides excellent proximity to established businesses, including Kroger and Fairfield Medical. The building is handicap accessible and equipped with 3-phase power. Previously utilized as medical, furniture, and retail space, this versatile property is zoned commercial and is situated in Fairfield County, Ohio (zip code 43130). The property's size and location make it suitable for a range of professional office or retail tenants. This is a rare opportunity to secure a substantial commercial space in a prime Lancaster location.

    Property Features for 1145 Main St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    51,000 SF
    Total Rate
    561000

    Building Details

    Year Built
    1952
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    3,400 SF
    Rate per SF
    $132

    HighLights

    • 51,000 SF single‑tenant office building on 11.8 acres in Lancaster, OH.
    • 14,913 SF of vacant space available.
    • High‑visibility location on E Main St in the Kroger East Shopping Center submarket.
    • Ample parking (25+ spaces), front and rear access.
    • 16' ceilings, handicap accessible, 3‑phase power.
    Property Profile Location Intelligence

    Current Use by Public Records

    Vintiques Home Market Gift Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Fairfield
    State
    Ohio
    Longitude
    -82.580211010884
    Latitude
    39.714930962328

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    FAQs

    What type of property is this?
    Office Property / Space - Lancaster, OH Office Building - High Visibility
    Where is this office property / space located?
    The property is located at 1145 Main St Lancaster, OH.
    What is the lease rate?
    The lease rate is $132 SF/Yr.
    What are key features of this property?
    This property features: 51,000 SF single-tenant office building on 11.8 acres in Lancaster, OH.; 14,913 SF of vacant space available.; High-visibility location on E Main St in the Kroger East Shopping Center submarket.
    Request Owner's contact information
    1145 Main St 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
    1145 Main St Lancaster, OH 43130
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