Property profile

320 Broad St Lancaster, OH 43130

OFF-MARKET
Residential income homes
Property ID
US66-0611526
9,303 SF 0.15 ac lot Built 1900
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1900
Total area 9,303 SF
Lot 0.15 ac (6,599 SF)
APN 053-50611.00
UPID US66-0611526

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

320 Broad St Lancaster, OH 43130-4323
Lancaster metro Census 32000 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

since 2020
Last sale
$230,000
1 recorded transaction
2020
$230,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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