Property profile

1622 Memorial Dr Lancaster, OH 43130

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional 1,843 square foot retail space is located in a vibrant, high-traffic area of Lancaster, Ohio, at a major intersection. The property is part of a multi-tenant building, offering excellent visibility and accessibility. This inline space boasts dimensions of 27 feet by 70 feet, providing ample room for a variety of retail businesses. The location benefits from being situated at a signalized intersection, sharing visibility with a dominant 105,000 square foot Kroger Marketplace. This prime location ensures high foot traffic and significant exposure to potential customers. The property enjoys the benefit of strong co-tenancy with established and successful businesses including Starbucks, Chipotle, Hometown Urgent Care, and Sport Clips. Further enhancing its appeal, the area is densely populated with additional retail giants such as Target, HomeGoods, PetSmart, McDonald's, Arby's, 7 Brew Coffee, KFC, Burger King, Sheetz, and Raising Cane's, creating a thriving retail environment. This presents a unique opportunity for businesses seeking a high-visibility location within a well-established and successful retail center in Fairfield County. The space is immediately available. This is an ideal opportunity for businesses looking to establish or expand their presence in a high-growth market.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Atm Currency Exchange Service
  • Computer & Electronic Repair Tech Support Center
  • Postal Service Courier Service

Location

1622 Memorial Dr Lancaster, OH 43130
Lancaster metro
Google Maps

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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