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1133-1141 N Memorial Drive 2 Retail Properties Offered at $1,100,000 in Lancaster, OH

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INVESTMENT HIGHLIGHTS

  • N Memorial Drive sees over 25,797 vehicles passing daily.
  • This offers consists of two buildings, one with an in-place tenant.
  • The sites features a new HVAC, a roof, and windows.
  • The building offers up to 14-foot ceiling clearance.
  • The total square footage is 14,645 square feet; 12,573 square feet for the hardware shop and 2,070 square feet for the pawn shop.
  • There is a useable basement and a freight elevator.

EXECUTIVE SUMMARY

Step into history with this iconic Lancaster property, formerly the renowned Slater Hardware, a beloved staple of the community for over 65 years. Located in the heart of Lancaster, Ohio, at 1133-1141 North Memorial Drive, this property presents an exceptional opportunity for a new owner with a vision to revitalize and make their mark on a piece of local history.

The main building, which once served as Slater Hardware, boasts an expansive 12,573 square feet of wide-open, flexible space. With up to 14 feet of ceiling clearance, the possibilities are endless—whether you're looking to transform it into a retail space, office complex, or something entirely unique. The steel-joisted masonry construction ensures the building’s durability for years while abundant natural light floods the interior, creating a bright, welcoming atmosphere.

The basement, complete with a freight elevator, provides ample storage and accessibility, adding to the versatility of this versatile property. With the new roof, all new windows, and HVAC systems installed in the last five years, this building is well-equipped to support your business for years to come.

Additionally, the 2,070-square-foot pawn shop is included in the sale. It currently has a month-to-month tenant, providing immediate income for a new owner. This established business is another great asset in an area that sees almost 26,000 vehicles passing by each day, ensuring high visibility and foot traffic.

The location is prime—nestled in the core of Lancaster's retail development district, this property is surrounded by a vibrant mix of commercial businesses, restaurants, and more. With its strategic positioning, you'll have access to a steady flow of potential customers from both the community and the constant stream of passersby.

This property is ready for its next chapter. Whether you're an investor, entrepreneur, or business owner, 1133-1141 North Memorial Drive offers a rare opportunity to own a piece of Lancaster's history, all while setting the stage for a thriving future.

PROPERTY FACTS

Price $1,100,000
Price / SF $81.59 / SF
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 13,482 SF
Total Land Area 0.64 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
1149 N Memorial Dr, Lancaster, OH 43130 Retail 11,750 SF 1959 -
1133 N Memorial Dr, Lancaster, OH 43130 Retail 1,732 SF 1930 -
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  • Listing ID: 35200724

  • Date on Market: 3/20/2025

  • Last Updated:

  • Address: 1133-1141 N Memorial Drive, Lancaster, OH

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