Restaurant Building and Auto
1250 N Cole Street Lima, OH 45801
1250 N Cole Street, Lima, OH, 45801
$199,000
For Sale
$199,000
COMMERCIAL - Lima, OH
Property Size2,600 SF
Price / SF$76.54
Days on Market14
Property Features for 1250 N Cole Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B1
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Parking features
- Garage
- Standard status
- Active
- APN
- 36-2507-06-009.000 & 36-2507-06-008.000
- Size
- 2,600 SF
Taxes and HOA fees
- Tax Description
- HOMEWOOD SUB DIVISION LOT 6565 & 1/2 VAC ALLEY & 6566 & 6567 & 1/2 VAC ALLEY FF 84.00
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 1
- Building materials
- Frame
- Roof type
- Asphalt
Listing agency
CCR Realtors
(419) 222-0555
Listed by
Joseph Guagenti
(419) 230-5050
Added: Jul 8 Checked: Jul 21 at 8:06PM
MLS# 310777
Copyright © 2026 West Central Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering includes two separate parcels/buildings with commercial space suited to restaurant and automotive-oriented tenants. One building is currently operated as a restaurant; it was previously used as a pizza shop and is leased month to month, with possession to be negotiated with an accepted offer. A second building is vacant and formerly served as a used car lot and detail shop.
The properties are located at 1250 N Cole Street in Lima, Ohio and sit within B1 zoning. While the public remarks confirm the current restaurant operation on one site and vacancy on the other, no further details on frontage, access features, or surrounding tenants are provided in the listing materials.
For buyers and operators, the mix of an income-producing restaurant lease on one building and a vacant automotive-related structure on the other may support a variety of strategies, from adding a second concept to continuing with automotive services at the vacant site. Interested parties should review the negotiated possession terms for the leased premises and confirm suitability for their intended use under the B1 zoning designation.
The properties are located at 1250 N Cole Street in Lima, Ohio and sit within B1 zoning. While the public remarks confirm the current restaurant operation on one site and vacancy on the other, no further details on frontage, access features, or surrounding tenants are provided in the listing materials.
For buyers and operators, the mix of an income-producing restaurant lease on one building and a vacant automotive-related structure on the other may support a variety of strategies, from adding a second concept to continuing with automotive services at the vacant site. Interested parties should review the negotiated possession terms for the leased premises and confirm suitability for their intended use under the B1 zoning designation.
Key Highlights
- Two commercial spaces: 1250 is leased month to month (possession to be negotiated) and 1270 is vacant
- 1250 currently operates as a restaurant; previously a Pizza shop
- 1270 was formerly a used car lot and detail shop
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.7k | $6.41 |
| − Vacancy | −$1.4k | −$0.54 |
| EGI | $15.3k | $5.87 |
| − OpEx | −$4.6k | −$1.76 |
| NOI | $10.7k | $4.11 |
2,600 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$504.4K
$441.4K – $588.5K
NOI $35,308 @ 7.0% cap · market cap 17.74%
Second Best
Industrial
$152.6K
$133.6K – $178.1K
NOI $10,684 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$626.2K
$548.0K – $730.6K
NOI $43,837 @ 7.0% cap · market cap 22.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lima's Finest Food ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Two combined commercial buildings with restaurant use and an additional vacant auto-shop former lot for flexible operations.
Where is this conventional restaurant located?
The property is located at 1250 N Cole Street Lima, OH.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two commercial spaces: 1250 is leased month to month (possession to be negotiated) and 1270 is vacant; 1250 currently operates as a restaurant; previously a Pizza shop; 1270 was formerly a used car lot and detail shop
