121 S Broad Street, Lancaster, OH 43130 (MLS# 219037291)

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

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

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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