180 Graceland DriveLancaster, OH 43130

180 Graceland DriveLancaster, OH 43130

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$424,900 Active
Commercial - Business MLS 225022432
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Listed By

Agency Name: Best Homes Real Estate Ltd.
Agent Name: Jonathan Schick
Agency Phone: 614-870-8893

Shown By

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

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Property Description

This storage facility has 35 units ranging from 5x5 to 10x26 and totaling 4,680 sq ft. 33 of the units are currently occupied with 94% occupancy. Current revenue of around $3,900 per month with room to increase rates. Low expenses with positive cash flow. High demand in the area with a central location in Lancaster. Updates include painting all units and doors and leveling gravel drive lanes. Rent roll and current expenses are included in the documents.

180 Graceland Drive | MLS# 225022432

This commercial property located at 180 Graceland Drive, Lancaster, OH 43130 is currently listed for sale with an asking price of $424,900. Search Lancaster real estate on 7030hanbysloop.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business
Days on Market: 336
Lot Size: 0.59 Acres
Taxes: $3,409
Year Built: 1997

Feature Descriptions

Parcel #: 05-35006-700

Demographics

Fairfield County Demographic Information for 180 Graceland Drive, Lancaster, OH 43130
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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