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Property profile & analytics
OFF-MARKET
Warehouses

624 6th Ave Lancaster, OH 43130-2453

1,920 SF 0.12 ac lot Built 1977
Entity Owned 3-yr Hold Free & Clear
Property ID
US66-6114908
Property summary
AI-generated overview

This exceptional 1,920 square foot warehouse, situated at 624 W 6th Avenue in Lancaster, Ohio, presents a compelling investment opportunity. Priced at $226,000, this property boasts a substantial 10,890 square foot lot encompassing two parcels, providing ample space and potential for expansion. Built in 1977, the building's history includes use as a mechanics garage, and it is currently vacant, ready for immediate occupancy. Its prime location on the west side of Lancaster ensures high visibility and accessibility. The warehouse features convenient amenities including a bathroom, a small office equipped with a window air conditioner, gas radiant heat, recently updated plumbing, and a new hot water tank. Two overhead garage doors facilitate easy loading and unloading. Abundant parking is available on the property, catering to both tenants and customers. This versatile property is ideal for a variety of commercial uses and presents a rare chance to acquire a well-maintained warehouse in a thriving location within Fairfield County, Ohio, zip code 43130. The property's size and features make it suitable for various businesses seeking a functional and well-located space.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1977
Construction STEEL FRAME
Total area 1,920 SF
Lot 0.12 ac (5,201 SF)
APN 053-11422.00
UPID US66-6114908
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Pap 749 LLC · 3 yrs held
Pap 749 LLC
since 2023
Last sale
$205,000
3 recorded transactions
2023
$195,000
2020
$110,000
2009
$57,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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