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Property profile & analytics
OFF-MARKET
Commercial real estate

324 Main St Lancaster, OH 43130

1,410 SF Built 1926
Property ID
US66-2251171
Property summary
AI-generated overview

This 1,410-square-foot, three-story building located at 324 E Main Street in Lancaster, Ohio, presents a unique investment opportunity. Built in 1926, this special-purpose property boasts original woodwork, hardwood floors, and French doors, retaining significant character. Previously utilized as an attorney's office on the main floor and an apartment upstairs, the layout offers flexibility. The second floor could easily be converted into additional office space or conference rooms. A full basement provides ample storage, and convenient off-street concrete parking is available in the rear, accessed via an alley. The roof is only a few years old, and multiple heating sources are in place. The property sits on a 7,405.2-square-foot lot and is zoned residential, but the owner holds a variance for commercial use, allowing for diverse applications. Its prime downtown location offers easy walkability to local amenities. While previously used as a mix of commercial and residential space, the buyer is responsible for verifying the suitability of their intended use. The property is being sold "as is," with the seller unaware of any significant issues. The asking price is $265,000, translating to $187.94 per square foot. This property is a rare find in Lancaster's historic district.

Property profile
Verified
Property type Commercial real estate
Year built 1926
Total area 1,410 SF
UPID US66-2251171
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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