505 Hocking St Lancaster, OH 43130-2960
This exceptional 4,260-square-foot special purpose building, situated on a 7,405.2-square-foot lot in Lancaster, Ohio, presents a unique investment opportunity. Built in 1973 and renovated in 1980, the property boasts a desirable location at 505 Hocking Street, 43130. The building features four separate areas, each with its own exterior entrance and bathroom, providing excellent flexibility for a variety of uses. A private office is located at the front of the building. The property includes a large fenced area with a blacktop drive and additional blacktop space adjacent to the building's rear entrances. Ideal for uses such as a daycare center, doggie daycare, office space, or even a veterinary office with a surgery center. Recent improvements include the replacement of three heat pumps within the last ten years and newer flooring throughout the building. The roof is approximately ten years old. Three parcels are included in this sale, adding significant value to the property. The asking price is $250,000, representing a price per square foot of $58.69. This property offers a compelling combination of functionality, location, and recent upgrades, making it an attractive investment prospect.
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Small Wonders Learning Center Daycare Center
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
No recorded transactions found for this property.
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.