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Property profile & analytics
OFF-MARKET Estimated value $500,000
Retail space

201 Broad St Lancaster, OH 43130-4306

33,756 SF 0.15 ac lot Built 1913
Trust Owned 3-yr Hold Free & Clear
Property ID
US66-1277699
Property summary
AI-generated overview

This exceptional 3,708-square-foot office suite is located on the fourth floor of a historic five-story building at 201 S Broad St, suite 400, in the heart of Lancaster's vibrant downtown. Built in 1913, this Class C building offers a unique blend of character and modern convenience. The suite itself boasts ten private offices, a spacious lobby with reception area, a well-equipped break/conference room complete with a sink, a dedicated server room, and multiple private bathrooms. A comfortable waiting area is also included. The building features an elevator for easy access to all floors. Utilities are included in the lease. The property sits on a 0.15-acre lot and is part of a single-tenant occupancy building with a total of 26,000 square feet. Its prime location places it within walking distance of a diverse array of locally owned restaurants, shops, and ongoing development projects. The convenience of being just one block from the courthouse adds to its appeal. This is a rare opportunity to secure a substantial, well-appointed office space in a highly desirable and historic downtown location. The suite is immediately available.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1913
Construction STEEL FRAME
Total area 33,756 SF
Lot 0.15 ac (6,351 SF)
APN 053-50387.00
UPID US66-1277699
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
  • American Legion Advocacy Group Social Service Agency
  • City of Life Church
  • First Church-Christian Scntst Church
  • Refreshing 90.9 FM WFCO Radio Station Telecommunications Service
  • Justine’s Esthetics Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$610k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$500k
Owner & transaction history
Equity Trust Company · 3 yrs held
Equity Trust Company
since 2022
Last sale
$499,000
3 recorded transactions
2022
$499,000
2019
Price N/A
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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