1955 Lancaster Newark NE Rd Lancaster, OH 43130-1058
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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