1006 Broad St Lancaster, OH 43130
This exceptional Lancaster, Ohio property at 1006 S Broad Street presents a unique investment opportunity. The 5,736 square foot building sits on a 5,227.2 square foot lot and offers a compelling blend of commercial and residential space, priced at $325,000 ($56.66/sq ft). The main level features a sizable commercial space, including a front room, large showroom or studio, and a separate office with a fireplace. A first-floor apartment with a kitchenette, living room, bedroom, and bathroom offers additional income potential or flexible living arrangements. Upstairs, a spacious living area boasts a vaulted great room, two bedrooms, a sunroom, and a kitchen with attractive wood cabinets. Private access to the outdoors is available from this upper-level residential space. A significant asset is the attached 2,810 square foot warehouse, featuring shelves and cabinets, accessible via a private paver patio and fenced side yard. The property benefits from updated electrical systems. The diverse layout and substantial square footage make this property ideal for a variety of uses, promising significant return on investment. This is a must-see property for discerning investors seeking a versatile and profitable venture in a desirable location.
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
Similar Nearby for Lease
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.