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    OFF-MARKET
    Office buildings

    355 Main St, Lancaster, OH 43130-3845

    6,538 SF 0.25 ac lot Built 1900
    Individually Owned 4-yr Hold Free & Clear
    Property ID
    US66-1755487
    Property summary
    AI-generated overview

    This exceptional mixed-use property at 355 E Main Street, Lancaster, OH, presents a compelling investment opportunity. The 6,538 square foot building sits on a 0.25-acre lot and boasts a rich history, beautifully preserved and maintained. The three-story structure offers a unique blend of commercial and residential spaces. The first and second floors currently house established professional office spaces, all under long-term, stable leases, providing immediate and consistent income. The third floor comprises two well-maintained residential units, adding to the property's diverse revenue streams. The building's prime location in the heart of Lancaster ensures high visibility and accessibility. Ample parking is available with 20 spaces provided on-site. This property is being offered at $565,222 and represents a rare chance to acquire a historically significant building with a proven track record of success. The combination of established commercial tenants and residential units creates a diversified income stream, minimizing risk and maximizing potential returns. The building's inherent charm and character, coupled with its strategic location and strong tenant base, make it an ideal investment for those seeking a stable, high-yield property in a thriving Ohio community. This is a turnkey operation ready for a new owner to step in and continue the legacy of success.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1900
    Construction STEEL FRAME
    Total area 6,538 SF
    Lot 0.25 ac (10,920 SF)
    APN 053-50729.00
    UPID US66-1755487
    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
    • Rise Realty Co. Real Estate Agency
    • Rise Land Co. Real Estate Agency
    • Audrey Barr, Rise Realty Co. Real Estate Agency
    • Tammy Holdren, Rise Realty and Management Co. Real Estate Agency
    • Committed Title And Closing Services LLC Title Company
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Bethany L Alexander · 4 yrs held
    Bethany L Alexander
    since 2021
    Last sale
    $150,000
    5 recorded transactions
    2021
    2021
    2016
    2013
    $150,000
    2012
    $140,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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