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Property profile & analytics
OFF-MARKET
Office Spaces

0 Memorial Dr Lancaster, OH 43130

Property ID
Property summary
AI-generated overview

This exceptional 142,005.6 square foot commercial land parcel presents a unique investment opportunity in Lancaster, Ohio. Located at 0 N Memorial Drive, this 1.27-acre site boasts a prime location next to Lowe's and adjacent to a 90,000 square foot Fairfield Medical Center complex. Its strategic position directly across from River Valley Mall ensures high visibility and accessibility. The property offers direct access off the four-lane Memorial Drive, providing excellent exposure to a substantial daily traffic volume. Surrounding businesses include Bob Evans, Olive Garden, White Castle, Kohl's, Menards, Super Walmart, and Giant Eagle, creating a thriving commercial environment. This pad-ready site is equipped with all utilities, simplifying development and reducing upfront costs. The property's size and location make it ideal for a variety of commercial ventures, offering significant potential for growth and return on investment. The asking price is $1,100,000. Don't miss this chance to secure a premier commercial property in a high-demand area.

Property profile
Verified
Property type Office Spaces
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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