Property profile

1707 Riv Vly N Cir Lancaster, OH 43130

OFF-MARKET
Turn key restaurants
Property ID
US66-1123239
6,377 SF 1.5 ac lot Built 1992
Entity Owned Free & Clear
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Property summary

AI-generated overview

The property is a approximately 6,377-square-foot, former franchise restaurant building located on N. Memorial Drive within the River Valley Mall Corridor on a 1.5-acre lot. The site is configured for off-street parking with 99 standard spaces and 4 designated handicap spaces. The building includes a commercial kitchen area that is partially equipped and features two walk-in freezer/refrigeration units (one large and one medium) plus five reach-in units. The property is zoned CG – Commercial General under the City of Lancaster Planning and Development, and is suitable for restaurant, retail, or other permissible commercial uses subject to county approval. The surrounding area includes a concentration of chain restaurants, retail businesses, and other commercial establishments, and the location has approximately 24,000 vehicles per day along North Memorial Drive.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1992
Total area 6,377 SF
Lot 1.5 ac (65,340 SF)
APN 053-10103.35
UPID US66-1123239

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
  • Restaurant

Location

1707 Riv Vly N Cir Lancaster, OH 43130-1471
Lancaster metro Census 31500 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$734k
Blend (final) Blend
$330k

Owner & transaction history

since 2025
Last sale
$1.1M
2 recorded transactions
2025
$1.1M
2015
$2.2M

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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