Property profile

1627 Memorial Dr Lancaster, OH 43130

OFF-MARKET
Lifestyle centers
105,000 SF
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Property summary

AI-generated overview

This single-story, 105,000 square foot shopping center in Lancaster, Ohio, offers a prime retail space totaling 6,870 contiguous square feet, with a minimum divisible space of 1,570 square feet. Located at 1627 N Memorial Dr, 43130, the property boasts excellent visibility and accessibility, situated on a high-traffic retail corridor with over 28,034 vehicles passing daily. The center enjoys strong co-tenancy with major retailers including Kroger Marketplace, HomeGoods, and PetSmart. Its strategic location within Lancaster's main shopping district places it near other significant national brands such as Target, Hobby Lobby, JCPenney, TJ Maxx, Dick's Sporting Goods, Walmart, Menards, Lowe's, Best Buy, and Cinemark, as well as numerous quick-service and full-service restaurants. Two full-movement, traffic-controlled curb cuts provide convenient access from N. Memorial Drive. This presents a unique opportunity for businesses seeking high visibility and a strong customer base in a thriving retail environment. The property is ideal for a variety of retail uses.

Property profile

Verified
Property type Lifestyle centers
Total area 105,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Food Market Restaurant

Location

1627 Memorial Dr Lancaster, OH 43130
Lancaster metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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