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Property profile & analytics

320 Broad St Lancaster, OH 43130-4323

  • Residential income homes
  • 9,303 SF
  • 0.15 lot acres
OFF-MARKET
Value Estimation
$210,000
Last Sale
Dec 18, 2020
$230,000
Location Intelligence
Property ID
US66-0611526
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,151
$12,570
$66,360
$78,930
-
$35,900
$189,600
$225,500
More about this property
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