651 Main St, Lancaster, OH 43130-3904
This exceptional commercial property at 651 E Main Street, Lancaster, Ohio, presents a unique investment opportunity. The property consists of two parcels totaling 0.36 acres, offering significant flexibility for a variety of uses. The main parcel, APN 05-35115-100, features a 2,100 square foot building situated on 651 E Main Street, conveniently located near the intersection of Mt Pleasant E St. This building includes a 30 x 70 foot structure equipped with heating, air conditioning, and a restroom. A paved parking lot is also included on this parcel. The second parcel, APN 05-35115-100, provides additional space that can be utilized for expanded operations, extra parking, or other supplementary needs. The property is currently available for lease and is ideally suited for a single tenant seeking a well-maintained building with ample parking in a desirable Lancaster location. The zip code is 43130. This property offers a rare combination of building space and additional land, making it an attractive option for businesses seeking a strategic location in a thriving Ohio community. The property is ready for immediate occupancy.
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.