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1550 Sheridan Drive, Lancaster, OH 43130
$3,950,000 Contingent
1550 Sheridan Drive, Lancaster, OH 43130View this property at 1550 Sheridan Drive, Lancaster, OH 43130
1550 Sheridan DriveLancasterOH43130
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Property Description
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.
Full Property Details
Full Property Details for 1550 Sheridan Dr
General
- Price: $3,950,000
- Taxes: $52,729 (2022)
- Status: Contingent
- Type: Condo
- MLS ID: 223017164
- Updated: 12/12/2023
- Added to Site: 332 day(s) ago
Additional Information
- Other Features: Air Condition
Parking
- Total Spaces: 200
Location
- Municipality: Lancaster
- County: Fairfield
- Township: None
- Development Name: Colonnade Medical Office Building
- Cross Streets: Tiki Lane, Rainbow Dr
Heating & Cooling
- Heating Type: Forced Air
- Heating Fuel: Electric
Structural Information
- Construction: Metal
- Square Feet: 40,000
- Minimum Avail: 6,877 Sq. Ft.
- Year Built: 1972
Lot Features
- Lot Size (Acres): 0.16
Financial Considerations
- For Sale: Yes
- Lease Rate $/SqFt: $12
- Tax Amount: $52,729
- Tax Year: 2022
- Terms: Conventional
Disclosures and Reports
- Multiple Parcels: Yes
- Property ID: 05-34198-000
Listed by Re/Max One (614) 729-7555, Sherry Orlando (740) 974-6916
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Schools
Schools serving 1550 Sheridan Dr
School District:Lancaster City Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1160 Sheridan Dr, Lancaster, OH 43130 | K-5 | 0.7 mi | |
2024 Sheridan Dr, Lancaster, OH 43130 | 6-8 | 1.3 mi | |
1312 Granville Pike, Lancaster, OH 43130 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1550 Sheridan Dr
Date
Details
Price
Change
Source
10/27/2023
Price Reduced
$3,950,000
-8.14%
MLS
6/07/2023
Listed
$4,300,000
48.28%
MLS
7/31/2003
Sold
$2,900,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1550 Sheridan Dr
Year
Property Taxes
Change
Tax Assessment
Change
2023
$15,181
99%
$167,560
8%
2021
$7,615
100%
$155,520
—
2022
-100%
$155,520
—
2019
$7,615
-7%
$155,520
-9%
2018
$8,163
1%
$170,320
—
2017
$8,121
4%
$170,320
—
2016
$7,846
-1%
$170,320
—
2015
$7,924
5%
$170,320
—
2014
$7,574
2%
$170,320
—
2013
$7,414
—
$170,320
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1550 Sheridan Dr
1550 Sheridan Drive, Lancaster, OH 43130 (MLS# 223017164) is a Condo property. 1550 Sheridan Drive is currently listed for $3,950,000 and was received on June 07, 2023. Want to learn more about 1550 Sheridan Drive? Do you have questions about finding other Condo real estate for sale in Lancaster? You can browse all Lancaster real estate or contact a Coldwell Banker agent to request more information.