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Property profile & analytics
OFF-MARKET
Medical Office Space

1955 Lancaster Newark NE Rd Lancaster, OH 43130-1058

2,389 SF 1 ac lot Built 2005
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US66-1817084
Property summary
AI-generated overview

This impeccably maintained commercial building, located at 1955 Lancaster Newark Road NE in Lancaster, OH, presents a unique opportunity for business owners. Boasting 2,389 square feet of space, this property sits on a generous 1.88-acre lot encompassing two parcels. Previously used as a family medical practice, the building retains its historical character with preserved exposed brick walls in the reception area, yet has been thoughtfully updated for modern functionality. The interior features spacious patient rooms (or adaptable office spaces), private offices, a staff kitchen, two bathrooms, and a lab/office area. A full, walk-out basement provides additional storage or expansion potential. Exterior features include a brick walkway, 15 paved parking spaces, handicap-accessible building access, and additional gravel parking. The property benefits from a fantastic location on a state route, ensuring high traffic counts, excellent visibility, and convenient parking lot access. This versatile space is ideal for a variety of businesses, offering the charm of a historic building with the practicality of modern amenities. The property is priced at $569,900.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2005
Construction STEEL FRAME
Total area 2,389 SF
Lot 1 ac (43,560 SF)
APN 027-00377.00
UPID US66-1817084
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Ao Ventures LLC · 1 yrs held
Ao Ventures LLC
since 2025
Last sale
$535,000
1 recorded transaction
2025
$535,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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