Property summary
This exceptional 23,484 square foot storefront property, located at 1541 River Valley Cir N in Lancaster, Ohio (43130), presents a compelling investment opportunity. Currently 100% occupied by OfficeMax under a Net Net (NN) lease expiring August 31, 2028, this single-tenant property boasts a substantial remaining lease term of approximately 3.8 years. The asking price is $3,522,600, translating to a price per square foot of $150. Built in 1998, the single-story building sits on a 3.24-acre lot and generates a Net Operating Income (NOI) of $246,582. The property benefits from its location in a high-profile retail corridor, ensuring strong visibility and consistent traffic. The long-standing history of OfficeMax at this location demonstrates the site's enduring appeal and market stability. This is an ideal investment for those seeking a stable, income-producing asset with a strong tenant and significant remaining lease term in a desirable retail location. The property's size and location make it a prime candidate for long-term growth and potential future appreciation.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store
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(Bike/Boat/Book/etc) Store Printing Service
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Tech Support Center (Bike/Boat/Book/etc) Store
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Postal Service Courier Service
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Postal Service Courier Service
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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