0 Columbus St Lancaster, OH 43130
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.