121 S Broad Street, Lancaster, OH 43130
$1,750,000
Property Type:
Office
Square Footage:
41,639
Lot Size (sq. ft.):
13,939
Status:
Closed
Current Price:
$1,750,000
List Date:
10/02/2019
Last Modified:
2/04/2025
Overview
Description
3 Story Office/Retail Building centrally located in downtown Lancaster. Priced at an 8.5% CAP Rate. Chase Bank is the anchor tenant. Includes income producing parking lot. This circa 1900's building has deep rooted history located next to City Hall, Post Office, Restaurants. Many long terms tenants who have been in the building over 20 years. New Tenants continue to fill the office with beautiful modern office build outs. The building has more potential for increasing occupancy and income for investor or owner occupant. Well maintained building. Full package available with NDA signed.
Listing Details MLS# 219037291
Location Property Info
- Original List Price
- 1925000
- Property Sub Type
- Mixed Use
- Street #
- 121
- Street PreDirection
- S
- Street Name
- Broad
- Street Suffix
- Street
- County
- Fairfield
- State
- OH
- Zip Code
- 43130
- Subdiv/Cmplx/Comm
- Chase Bank Building
- Township
- None
OfficeContract Info
- MLS Entry Date
- 2019-09-30
General Property Info
- Previous Use
- Office/Retail
- Total Available Sqft
- 19883
- Building Sqft
- 41639
- Max Cont Sqft Avail
- 1901
- Minimum Sqft Avail
- 1201
- # of Floors Above Gr
- 3
- # of Elevators
- Yes
- Total Parking
- 67
- Year Built Status
- 1900
- Use Code
- 447 - OFFICE BLDG 1 AND 2 STORY
- Year Built
- 1900
- Lot Size (Side)
- 245
- Acreage
- 0.32
- # of Docks
- 0
Tax Info
- Parcel #
- 053-5042300
- Addl Parcel Numbers
- 35042400, 35042500, 35042200
- Tax Year
- 2018
- Tax Abatement
- No
- Taxes (Yrly)
- 39617
Status Change Info
- Under Contract Date
- 2020-04-01
- Sold Date
- 2020-04-01
- Sold Price/SqFt
- 88.01
Financials
- Financials ForYearOf
- 2015
More Information
Auction Info
- Auction/Online BiddingY/N
- No
Sale Info
- Seller Assisted Fin
- N
- Seller/Buyer Concessions
- N
Location & Property Info
- List Price/SqFt
- 96.82
- City (Mailing Addr)
- Lancaster
- Corp LimitPerAuditor
- Lancaster
- Dist To Intersxn
- 0.5
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
- For Lease
- No
- Lease Rate $/Sq Ft
- 15
Remarks & Misc
- Property Description
- 3 Story Office/Retail Building centrally located in downtown Lancaster. Priced at an 8.5% CAP Rate. Chase Bank is the anchor tenant. Includes income producing parking lot. This circa 1900's building has deep rooted history located next to City Hall, Post Office, Restaurants. Many long terms tenants who have been in the building over 20 years. New Tenants continue to fill the office with beautiful modern office build outs. The building has more potential for increasing occupancy and income for investor or owner occupant. Well maintained building. Full package available with NDA signed.
Income/Expenses
- Gross Income
- 422277
- Net Operating Income
- 0
- Total Expenses
- 0
Addl Acceptance Cond
- None Known
- Yes
Expenses Paid by L
- All
- Yes
T Reimburses L
- Curr Yr Est $/SF TRL
- 0
Heat Fuel
- Gas
- Yes
Miscellaneous
- Air Condition
- Yes
Building Type
- Multi Tenant
- Yes
Sprinkler
- None
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Expenses Paid by L:
All
Heat Fuel:
Gas
Building Type:
Multi Tenant
Sprinkler:
None
Miscellaneous:
Air Condition
MLS Primary PhotoSrc:
Realtor Provided
Listing Office:
RZ Realty
Listing Agent:
Jay R Zollars
Last Updated: February - 04 - 2025
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