320 Broad St Lancaster, OH 43130-4323
- Residential income homes
- 9,303 SF
- 0.15 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 320 Broad St
- Year built
- 1900
- Lot size
- 0.15 lot acres
- Property size
- 9,303 SF
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 053-50611.00
- APU
- 535061100
Description
This exceptional mixed-use property, located at 320 Broad Street in Lancaster, Ohio, presents a compelling investment opportunity. The building boasts a substantial 7,017 square feet of space, offering significant potential for a variety of commercial ventures. Its prime location in Lancaster ensures high visibility and accessibility, making it an ideal choice for businesses seeking a strong foothold in a thriving community. The property sits on a 0-acre lot, providing ample space for potential expansion or outdoor amenities, depending on the intended use. Priced at $1,200,000, this property represents a significant value proposition for investors seeking a versatile and well-situated commercial asset. The building's mixed-use zoning allows for a range of possibilities, from retail and office space to restaurant or service-based businesses. The substantial square footage provides ample room for multiple tenants or a single large-scale operation. Given its size and location, this property is well-suited for a variety of business models and offers a strong return on investment potential. Serious inquiries are encouraged to explore the possibilities this unique Lancaster property offers. The property is ready for immediate occupancy and presents a rare opportunity to acquire a significant commercial asset in a desirable location. Further details and potential uses can be discussed upon request.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $205,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $195,000
- 6.5%
- $180,000
- 7%
- $200,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $235,000
- Geo Method
- $200,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $210,000
- Retail
- $170,000
- Mixed-Use
- $220,000
- Hospitality
- $215,000
- Educational
- $195,000
- Residential Income
- $195,000
- Energy
- $230,000
- Income-Based Land
- $220,000
- Food Service
- $200,000
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Fairfield
- State
- Ohio
- Longitude
- -82.6016
- Latitude
- 39.7107
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA