355 Main St, Lancaster, OH 43130-3845
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.
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Rise Realty Co. Real Estate Agency
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Rise Land Co. Real Estate Agency
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Audrey Barr, Rise Realty Co. Real Estate Agency
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Tammy Holdren, Rise Realty and Management Co. Real Estate Agency
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Committed Title And Closing Services LLC Title Company
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.