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1955 Lancaster Newark Rd NE

2,389 SF Office Building Lancaster, OH 43130 $569,900 ($239/SF)

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Investment Highlights

Historic charm meets modern functionality in this +2,300-SF commercial gem, zoned for business, boasting a rich history as a former Old Schoolhouse.
Exceptional location on a state route ensures high visibility & accessibility, complemented by 15 paved parking spots & additional gravel parking.
Versatile space with a full walk-out basement, perfect for expansion or storage, enhancing the flexibility of this turnkey commercial opportunity.

Designed for business success, this property features a lobby, patient rooms, offices, kitchen, lab & two bathrooms, ideal for diverse business needs.
Impeccably maintained inside and out, with preserved historical elements and thoughtful updates, offering a unique blend of character and efficiency.
From its brick walkway entrance to exposed brick walls on the interior, this property sets itself apart as an inviting and distinctive business venue.

Executive Summary

Historic charm meets modern convenience at this impeccably maintained Old Schoolhouse office building, ideally located on 1.88 acres in the Business District. Previously operated as a medical office, 1955 Lancaster Newark Road NE offers over 2,300 square feet of versatile space, including a welcoming lobby/reception area, spacious patient rooms, private offices, a well-equipped kitchen, a lab/office, and two bathrooms. This freestanding property boasts easy accessibility with ample road frontage on a high-traffic state route, complemented by 15 paved parking spaces with handicapped access and additional parking in a gravel area.

The property's strategic location positions it just 9 minutes from Historic Downtown Lancaster, providing proximity to local shopping, dining, retail, and office spaces. Also within a short drive are key amenities such as the Fairfield Medical Center (nine minutes), Lancaster High School (seven minutes), and Ohio University Lancaster Campus (five minutes), enhancing its appeal for a range of business ventures. This property represents a rare blend of historical character and modern functionality, offering an exceptional opportunity for your business vision.

Property Facts

Sale Type

Investment or Owner User

Property Type

Office

Property Subtype

Medical

Building Size

2,389 SF

Building Class

Year Built/Renovated

1900/2005

Price

$569,900

Price Per SF

$239

Tenancy

Single

Building Height

1 Story

Typical Floor Size

2,389 SF

Building FAR

0.03

Land Acres

2.05 AC

Parking

14 Spaces

Amenities

Wheelchair Accessible

Reception

Basement

Air Conditioning

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.

1 Mile

3 Mile

5 Mile

2020 Population

2,023

32,381

51,657

2024 Population

2,144

35,096

55,408

Population Growth '20-'24

6.0%

8.4%

7.3%

2020 Households

826

13,343

21,151

2024 Households

872

14,470

22,787

Household Growth '20-'24

5.6%

8.5%

7.7%

Average Age

Median Household Income

$100,248

$64,907

$61,119

Daytime Employees

490

15,820

25,556

Total Businesses

2,105

2,932

College Degree + Higher

39%

24%

21%

Nearby Amenities

Hospitals
Fairfield Medical Center	Acute Care	6 min drive	4.4 mi

Hotels
Hampton by Hilton	78 rooms 7 min drive
Baymont	60 rooms 9 min drive
Holiday Inn Express	79 rooms 9 min drive

PROPERTY TAXES

Parcel Number	02-70037-700	Improvements Assessment	$54,620
Land Assessment	$15,750	Total Assessment	$70,370

PROPERTY TAXES

Parcel Number

02-70037-700

Land Assessment

$15,750

Improvements Assessment

$54,620

Total Assessment

$70,370

Sale Advisor

(740) 862-4700

Contact

Sherry Looney, Team Lead

(740) 862-4700

Contact

Sherry Looney is the matriarch of The Loon Crew team, and with more than 34 years in the industry, her knowledge and experience is invaluable to her team and clients. Sherry, and her team of agents, have earned a spot in the top 1% of agents in the central Ohio area, an accomplishment she is very proud of. Sherry decided to start her career in real estate after being a stay-at-home mom. Although she loved being with her children, she knew she needed something for herself. Being in real estate offered her the flexibility she needed and the challenge she desired.

In her spare time, Sherry loves to spend time with her kids, grandkids, and grandpup. Her favorite nickname is “Nana”, as this is what her grandchildren call her. In addition to spending time with her family, she enjoys spending time at the beach, camping, reading, and watching Hallmark movies.

If experience and expertise is what you want, Sherry is the REALTOR® for you! Her knowledge of the market, her knowledge of the industry, and her desire to exceed her clients’ expectations make her the premier choice for all your real estate needs. Call Sherry TODAY to schedule an appointment to make your dreams a reality!

Contact Sherry at:
Cell: 740-808-1607
Office: 740-862-4700
Email: sherrylooney@gmail.com