955 Lincoln Ave Lancaster, OH 43130-9210
This unique Lancaster, Ohio property offers a compelling investment opportunity. The offering encompasses a historic brick home (circa 1865) and a renovated barn situated on a 3.5-acre lot (152,460 sq ft) zoned Commercial Neighborhood. The home, boasting approximately 8,046 square feet of net rentable space, features four or more bedrooms, two and a half bathrooms, a newly installed roof (2024), an updated kitchen, and an attached four-car garage/workshop. Currently used as a residence, it presents significant potential for mixed-use commercial/residential development. The substantial barn, formerly Boling Antiques, offers over 5,000 square feet of versatile retail workspace spread across multiple levels. Its noteworthy features include hand-hewn beam construction and the repurposed front doors and grand staircase from a historic Ohio Dominican University building. Registered as a historic property in Lancaster, this iconic location provides convenient access to downtown Lancaster and the US 33 Bypass. All municipal utilities are readily available. The property's asking price is $525,000, translating to $65.25 per square foot. This presents a rare chance to acquire a landmark property with significant redevelopment potential in a thriving Ohio community.
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
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.