$1,750,000
$1,925,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
41,639 SqFt
SOLD DATE : 11/07/2024
Key Details
Sold Price $1,750,000
Property Type Commercial
Sub Type Multiple Use
Listing Status Sold
Purchase Type For Sale
Square Footage 41,639 sqft
Price per Sqft $42
Subdivision Chase Bank Building
MLS Listing ID 219037291
Sold Date 11/07/24
Originating Board Columbus and Central Ohio Regional MLS
Year Built 1900
Annual Tax Amount $39,617
Lot Size 0.320 Acres
Lot Dimensions 0.32
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.
Location
State OH
County Fairfield
Community Chase Bank Building
Area 0.32
Rooms
Dining Room No
Interior
Equipment No
Others
Tax ID 053-5042300
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