1541 River Valley Cir Lancaster, OH 43130
- Retail properties
- 23,484 SF
- 3.24 lot acres
Current Use by Public Records
- OfficeMax / Computer Consultant / Computer Store
- OfficeMax Print & Copy Services / Copy Shop / Business To Business Service
- OfficeMax Tech Services / Business To Business Service / Computer Consultant
- FedEx Drop Box / Mailing Service
- FedEx ShipSite / Mailing Service
Property Details for 1541 River Valley Cir
- Year built
- 1998
- Lot size
- 3.24 lot acres
- Property size
- 23,484 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Fairfield
- State
- Ohio
- Longitude
- -82.625
- Latitude
- 39.7332
