530-532 N Columbus St Lancaster, OH 43130
For Sale
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Turnkey Mixed-Use Investment Opportunity in the Heart of Lancaster Step into a piece of Lancaster history with this nostalgic mixed-use building offering both character and cash flow potential. The main level features a long-operating neighborhood bar with a strong local presence and timeless charm—ready for its next owner to continue operations or reimagine the concept. The established layout provides a seamless transition for continued hospitality use. Upstairs, you'll find two beautifully renovated apartments delivering modern comfort with high-end industrial finishes. The spacious two-bedroom unit and stylish one-bedroom unit showcase updated interiors, blending exposed elements and contemporary touches to create a desirable living space tenants love. A private parking lot located at the rear of the building adds valuable convenience for both patrons and residents—an uncommon bonus in downtown mixed-use properties. Whether you're an investor seeking diversified income streams or an owner-operator looking to control your business and real estate under one roof, this Lancaster mixed-use opportunity delivers versatility, charm, and upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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.