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    FOR LEASE
    Medical Office Space

    2405 N Columbus St, Lancaster, OH 43130

    76,509 SF 7.21 ac lot Built 1997
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US66-1307976
    Property summary
    AI-generated overview

    This exceptional multi-tenant medical office building in Lancaster, Ohio, presents a unique investment opportunity. Located at 2405 N Columbus St, 43130, this property boasts a total of 23,159 square feet, with significant space currently available for lease. Multiple suites are available, ranging from 1,490 square feet to a maximum contiguous space of 23,159 square feet. Currently, 15,797 square feet are vacant, offering flexibility for various medical practices. The building features a convenient parking ratio of 5 spaces per 1000 square feet. Specific suite availabilities include: Suite 110 (1,490 sq ft available for sublease), Suites 120, 150, and 160 (8,852 sq ft available November 1, 2023), Suite 140 (14,307 sq ft available for sublease), Suite 205 (4,271 sq ft available November 1, 2023), and Suite 235 (2,552 sq ft available). The property also benefits from recently renovated common areas and an on-site surgical center. Generous tenant improvement allowances are available, along with opportunities for custom build-outs to suit specific needs. This Fairfield County location provides excellent access and visibility. The property is categorized as a medical office building with multiple tenancies.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1997
    Total area 76,509 SF
    Lot 7.21 ac (314,068 SF)
    APN 053-22388.10
    UPID US66-1307976
    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
    • Gital Patel, MD Physician Medical Clinic
    • River Valley Sportsmed Physician
    • Lancaster Sleep Diagnostic Center Medical Clinic
    • Montgomery Jason R Medical Clinic
    • Central Ohio Neurological Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $13.95M
    Comparable Approach Comparable
    $9.28M
    Blend (final) Blend
    $13.27M
    Owner & transaction history
    Vpu Lancaster LLC · 1 yrs held
    Vpu Lancaster LLC
    since 2024
    Last sale
    $12.9M
    6 recorded transactions
    2024
    $12.9M
    2018
    2016
    $400,800
    2016
    $12.8M
    2010
    $8.3M
    1969
    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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