0 Memorial Dr Lancaster, OH 43130
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.