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Property profile

0 Columbus St Lancaster, OH 43130

OFF-MARKET
Land
3.17 ac lot
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Property summary

AI-generated overview

This exceptional 3.17-acre commercial land parcel in Lancaster, Ohio, presents a remarkable investment opportunity. Located at 0 North Columbus Street, this pad-ready site is zoned Gen Bus GB and offers unparalleled visibility and accessibility. The property's strategic location boasts proximity to major retailers including Lowe's, Bob Evans, Olive Garden, White Castle, Kohl's, Menards, Super Walmart, and Giant Eagle, ensuring high traffic and strong consumer presence. Its adjacency to a 90,000 square foot medical center currently under construction further enhances its value and potential. The site's elevated position provides tremendous visibility from US 33, making it ideal for office buildings, restaurants, or other commercial ventures. The 1.3-acre pad is specifically designed to accommodate two 7,800 square foot office buildings, offering flexibility and scalability for development. The property's topography contributes to optimal visibility, and convenient access is provided off Columbus Street. This complete package includes the 3.17 gross acres and is situated directly across from River Valley Mall, overlooking the four-lane Memorial Drive. The APN is 05-32239-410. This prime location offers significant potential for substantial return on investment. The asking price is $550,000.

Property profile

Verified
Property type Land
Lot 3.17 ac (138,085 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Columbus St Lancaster, OH 43130
Lancaster metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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