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    201 Lancaster Pike Circleville, OH 43113

    For Lease
    $8 SF/Yr

    High-traffic retail space available in Circleville, OH.

    Lot size:
    73,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This prime retail property, the Circleville Shopping Center, presents a unique investment opportunity. Located in the heart of Circleville, Ohio, this Class C shopping center boasts a total of 73,750 square feet across a single building. Currently, 15,000 square feet of retail space is available for lease, offering significant potential for expansion or new tenancy. The center benefits from a strong anchor tenant, a successful Big Lots store, ensuring consistent foot traffic and visibility. Its strategic location adjacent to the county fairgrounds further enhances its appeal, providing access to a large seasonal influx of visitors. The property is situated in Pickaway County and is categorized as a multi-tenant shopping center. This presents a compelling opportunity for businesses seeking high-visibility retail space in a thriving community. The existing infrastructure and established tenant base provide a solid foundation for immediate occupancy and potential for long-term growth. The substantial available square footage allows for flexibility in tenant configuration and business needs. This is an exceptional chance to establish a presence in a well-established and accessible retail location. Serious inquiries are encouraged to explore this promising investment opportunity further.

    Property Features for 201 Lancaster Pike

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    73,750 SF
    Class
    C
    Total Rate
    49166.67

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    211-213
    Size
    15,000 SF
    Rate per SF
    $8

    HighLights

    • Retail shopping center totaling 73,750 square feet.
    • 15,000 square feet of vacant space available.
    • Class C property.
    • Single building on one site.
    • Located in Pickaway County, Ohio.
    • Anchored by Big Lots and adjacent to the county fairgrounds.
    Property Profile Location Intelligence

    Current Use by Public Records

    Big Lots Discount Store

    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
    Circleville
    County
    Pickaway
    State
    Ohio
    Longitude
    -82.9301557
    Latitude
    39.5984475

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space available in Circleville, OH.
    Where is this retail property located?
    The property is located at 201 Lancaster Pike Circleville, OH.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Retail shopping center totaling 73,750 square feet.; 15,000 square feet of vacant space available.; Class C property.
    Request Owner's contact information
    201 Lancaster Pike Circleville, OH 43113
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    Circleville, OH 43113
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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
    201 Lancaster Pike Circleville, OH 43113
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