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    FOR SALE
    Medical Office Space

    103 Cedar Hill Rd, Lancaster, OH 43130

    924 SF 0.07 ac lot Built 1948
    Individually Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US66-5854091
    Property summary
    AI-generated overview

    This exceptional mixed-use property at 103 Cedar Hill Road, Lancaster, OH, presents a compelling investment opportunity. Spanning 924 square feet on a 0.07-acre lot, the building has undergone recent renovations, ensuring a move-in ready condition for a variety of commercial ventures. The property boasts ADA compliance, a significant advantage for businesses seeking accessibility for all customers and employees. Ample parking is available, addressing a key concern for both staff and patrons. Its location in a high-traffic area guarantees excellent visibility and accessibility, maximizing potential customer reach. The building's versatile design allows for multiple uses, catering to a broad range of business models. The sale is conducted "as is," providing a transparent and straightforward transaction. This prime commercial space offers an excellent chance to establish or expand a business in a thriving Lancaster location. The combination of recent renovations, ADA compliance, ample parking, and high-traffic location makes this property a truly attractive investment. Serious inquiries are encouraged to explore the full potential of this versatile commercial building. The property is ready for immediate occupancy, allowing for a swift and efficient transition for the new owner. Don't miss this chance to secure a well-positioned commercial property in a desirable location.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1948
    Construction STEEL FRAME
    Total area 924 SF
    Lot 0.07 ac (3,119 SF)
    APN 053-60846.00
    UPID US66-5854091
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Academy Pediatric Dentistry Dental Office
    • Mortgage 300 Loan Service Bank
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Tanvir Haye · 2 yrs held
    Tanvir Haye
    since 2023
    Last sale
    $145,000
    5 recorded transactions
    2023
    $145,000
    2021
    2016
    2013
    2008
    $45,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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