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
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.
Supplements: ********
More Information MLS# 219037291
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
General Property Info
Previous Use: Office/Retail
Max Cont Sqft Avail: 1901
Minimum Sqft Avail: 1201
Total Available Sqft: 19883
Total Parking: 67
# of Docks: 0
Building Sqft: 41639
Lot Size (Side): 245
# of Elevators: 1
Year Built Status: 1900
Use Code: 447 - OFFICE BLDG 1 AND 2 STORY
# of Floors Above Gr: 3
Year Built: 1900
Acreage: 0.32
Tax Info
Addl Parcel Numbers: 35042400, 35042500, 35042200
Tax Abatement: No
Taxes (Yrly): 39617
Parcel #: 053-5042300
Tax Year: 2018
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.
Status Change Info
Sold Price/SqFt: 88.01
Under Contract Date: 2020-04-01
Sold Date: 2020-04-01
Sold Price: $1,750,000
Income/Expenses
Gross Income: 422277
Net Operating Income: 0
Total Expenses: 0
Addl Acceptance Cond
None Known: 1
Expenses Paid by L
All: 1
T Reimburses L
Curr Yr Est $/SF TRL: 0
Financials
Financials ForYearOf: 2015
Heat Fuel
Gas: 1
Miscellaneous
Air Condition: 1
Building Type
Multi Tenant: 1
Auction Info
Auction/Online BiddingY/N: No
Sprinkler
None: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Sale Info
Seller Assisted Fin: N
Seller/Buyer Concessions: N
Location Property Info
Original List Price: 1925000
Sold Price: $1,750,000
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
Status: Closed
MLS Entry Date: 2019-09-30
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 Zollars
Last Updated: February - 04 - 2025
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