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501-515 S High St 22,275 SF 100% Leased Industrial Building Lancaster, OH 43130 $1,500,000 ($67.34/SF)
Investment Highlights
- Renovated industrial facility updated in 2022.
- CBD zoning allows a variety of commercial and industrial uses.
- Flexible industrial layout supports multiple operational configurations.
- Multiple dock doors support shipping and receiving operations.
- Located near downtown Lancaster with regional transportation access.
- Established industrial property with a history dating to 1948.
Executive Summary
Discover a prime investment opportunity with this impressive 22,275 SF industrial property in the heart of the Lancaster area. Renovated in 2022 with modern industrial needs in mind, the building offers a strategic location in the central business district, ideal for manufacturing and industrial operations. Boasting a rich history dating back to 1948, the property encompasses versatile spaces and features, providing ample room for growth and flexibility. Zoned for central business use, this property presents an exceptional opportunity for industrial investors seeking a strategic foothold in the thriving Lancaster market. With its extensive space and modern updates, this property offers the perfect foundation for industrial success.
Property Facts
| Price | $1,500,000 | Rentable Building Area | 22,275 SF |
| Price Per SF | $67.34 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1948 |
| Property Type | Industrial | Clear Ceiling Height | 14’ |
| Property Subtype | Food Processing | No. Dock-High Doors/Loading | 12 |
| Building Class | B | No. Drive In / Grade-Level Doors | 5 |
| Lot Size | 0.87 AC | Opportunity Zone |
Yes
|
| Zoning | CBD - Central Business District - Suitable for Food & Drink Processing and Storage | ||
| Price | $1,500,000 |
| Price Per SF | $67.34 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Food Processing |
| Building Class | B |
| Lot Size | 0.87 AC |
| Rentable Building Area | 22,275 SF |
| No. Stories | 1 |
| Year Built | 1948 |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 12 |
| No. Drive In / Grade-Level Doors | 5 |
| Opportunity Zone |
Yes |
| Zoning | CBD - Central Business District - Suitable for Food & Drink Processing and Storage |
Amenities
- Cooler
- Floor Drains
- Freezer (Space)
- Front Loading
- USDA/FDA
- Storage Space
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Approx. 22,275 SF available for lease
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 22,275 SF | Industrial | Full Build-Out | 30 Days |
1st Floor
| Size |
| 22,275 SF |
| Space Use |
| Industrial |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 22,275 SF |
| Space Use | Industrial |
| Build-Out | Full Build-Out |
| Available | 30 Days |
Approx. 22,275 SF available for lease
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 05-35067-900 | Improvements Assessment | $95,790 |
| Land Assessment | $20,220 | Total Assessment | $116,010 |
Property Taxes
Parcel Number
05-35067-900
Land Assessment
$20,220
Improvements Assessment
$95,790
Total Assessment
$116,010
1 of 14
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
