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    OFF-MARKET
    Office buildings

    651 Main St, Lancaster, OH 43130-3904

    1,623 SF 0.06 ac lot Built 1948
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US66-1161523
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING (MULTI-STORY)
    Year built 1948
    Construction STEEL FRAME
    Total area 1,623 SF
    Lot 0.06 ac (2,644 SF)
    APN 053-51151.00
    UPID US66-1161523
    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
    Tsv Holdings LLC · 3 yrs held
    Tsv Holdings LLC
    since 2023
    Last sale
    $257,500
    2 recorded transactions
    2023
    $257,500
    2012
    $323,400
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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