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1550 Sheridan Drive Lancaster, OH $ 3,950,000
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$ 3,950,000 Get more info
1550 Sheridan Drive
$ 3,950,000
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Share Save

1550 Sheridan Drive

Lancaster, OH, 43130
$ 3,950,000
Baths0.0 Sq 6,877

Monthly Estimate*

$ 27,592

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Studio

Commercial Property for sale in Lancaster, OH

for $3,950,000. This 6,877 square foot building was built in 1972 on a lot size of 0.16.

INVESTMENT OPPORTUNITY with this income producing property.40,000 SF multi-tenant Medical office Condominium building on over 2 acres with parking lot (200 spaces), green space and access road.Most Suites are on long-term leases. Only two Suites are vacant representing 3000 sf. A Buyer/Owner opportunity to have their own space within the building.Office Suites have their own parcel number and are taxed separately. Suites range from 1482-1620 sf. with one exception. The largest Suite is 6877 sf. Net Operating Income is $289,555.

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Commercial Contingent

Price

$ 3,950,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 52,729

Style

Condominium

Lot Size

0.16

Year Built

1972

Town/City

Lancaster

County/Region

Fairfield

MLS | Web ID

223017164
Features
General
Construction Metal
Possession Upon closing
Status Contingent
Year Built 1972
Subdivision Colonnade Medical Office Building
County Fairfield
Miscellaneous Air Condition
Township None
Type Condominium
Property Type D
Tax Year 2022
Building Type Multi Tenant
New Financing Conventional
Days on Market 189
City Lancaster
Street Name Sheridan
Listing Member Name Sherry Orlando
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Interior
Basement No
Heat Type Forced Air
Heating Fuel Electric
# of Elevators 0.00
Street Suffix Drive
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Exterior
# of Drive-In Doors 0.00
Total Parking 200.00
# of Docks 0.00
Acreage 0.16
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* Excluded Features
List By
Sherry Orlando

Listing Agent

Re/Max One

Broker

sherryorlando@remax.net

Email

Affordability Calculator

$31,986
Per Month
86%
14%
0%
Monthly Principal & Interest
$27,592
Monthly Property Taxes
$4,394
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1421267 Elementary School
1421418 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/27/2023$3,950,000 -8.14% Price Down
6/7/2023$4,300,000 Listed Price

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1550 Sheridan Drive, Lancaster, OH, 43130 is a Commercial Property for sale at $3,950,000 with 6,877 sqft and a lot size of 0.16. 1550 Sheridan Drive is a studio with 0.0 baths and was built in 1972. The property's zip code is 43130 which is in Lancaster, OH

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