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1070 S Memorial Drive Lancaster, OH 43130

Commercial - Business MLS 226004666 Sold New to the Market
Closed 232500
  • 1070 S Memorial Drive , Lancaster, OH 43130 Photo 1
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Listed By

Agency Name: Rise Realty
Agency Phone: 740-654-5552
Agent Name: Jeffrey A Sauer

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

Contact Us About This Property

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Property Description

Former retail automotive shop available for sale on main traffic route in Lancaster. Zoned Commercial General for a variety of uses. Open floor plan for work space plus office, restroom and mezzanine storage space. 3-phase 200 amp electric. 3 overhead doors, 2 are 12x10 and one is 10x9. Some equipment stays with property upon sale. Good visibility and access from Memorial Drive.

Property Features

Property Type: Commercial - Business
Days on Market: 70
Heating: Forced Air
Lot Size: 0.14 Acres
Taxes: $1,159
Year Built: 1960

Feature Descriptions

Parcel #: 05-46282-300
Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available

Demographics

Fairfield County Demographic Information for
Fips
Fips Code 39045
Population
2020 to 2025 Change up 6.8%
2010 Count 146,156
2020 Count 158,921
2025 Estimate (V2025) 169,752
2020 Estimate (V2025) 158,908
Age Distribution (Years Old)
0 to 4 5.7%
5 to 17 23.5%
18 to 64 53.9%
65 and Older 16.9%
Gender
Male 50.0%
Female 50.0%
Place of Birth
Foreign 4.3%
US 95.7%
Education
High School Graduate, Age 25+ 94.0%
Bachelor's Degree or Higher, Age 25+ 32.3%
Computer and Internet use
Households with a computer 96.3%
Households with a broadband Internet subscription 92.5%
Language
English is Second Language, Age 5+ 5.6%
English is First Language, Age 5+ 94.4%
Veterans
Veterans 9,079
Income
Per Capita Income $41,813
Median Household Income $90,966
People in Poverty 8.1%
Commute
Average Work Commute Time 28 minutes
Housing
Total Housing Units 64,207
Households 60,357
Average Household Size 2.65
Owner-Occupied 74.9%
Multi-Family 15.4%
Owner-Occupied Median Value $298,800
Median selected monthly owner costs -with a mortgage $1,739
Median selected monthly owner costs -without a mortgage $666
Median gross rent $1,172
Building Permits
New Private Housing Issued 2024 464
Years at Residence
1 Year or More 90.4%
Less Than 1 Year 9.6%
Business and Employment
Private non-farm Establishments 2,846
Private non-farm Employment 41,284
Private non-farm Employment Growth down 1.0%
Nonemployer Establishments 12,972
Number of Firms 1,808
Business Production
Value of Shipments $1,121,644,000
Wholesale Trade $0
Retail Trade $1,966,556,000
Retail Sales Per Capita $11,384
Accommodation and Food Services $252,325,000
Land
Land Area 504.41 sq. miles
Population Per Square Mile 290

Source: US Census Bureau

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