2120 N Eastown Road Lima, OH 45807
COMMERCIAL - Lima, OH
Property Features for 2120 N Eastown Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Parking features
- Garage
- Standard status
- Active
- APN
- 36-2202-04-002.000
- Size
- 1,296 SF
- Lot size
- 2.55 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1947
Listing agent Gregory Stolly (419) 302-1890
Listing office CCR Realtors 1737 Allentown Road, Lima, OH (419) 222-0555
Listing date Sep 19, 2025
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.
The site fronts on Eastown Road, noted in the remarks as a busy corridor. With its road visibility and larger acreage, the property may appeal to owner-operators or buyers looking for a straightforward commercial parcel with room to work within the existing site.
The stated zoning is B-1 Business, which can support a range of commercial activities consistent with local requirements. Buyers should confirm permitted uses and any development or site requirements with the city of Lima and Allen County. With the combination of a modest structure and a larger land area, this property could be a practical fit for an operator seeking a commercial location along a main road, subject to zoning approval and due diligence.
Key Highlights
- Zoned B‑1 Business: Ideal for various commercial ventures.
- Located on busy Eastown Road: Benefit from high visibility and traffic.
- 2.55 acres: Ample space for development or expansion.
Local Financial Insights For Apartment 5plus
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 | $20.2k | $15.60 |
| − Vacancy | −$2.0k | −$1.53 |
| EGI | $18.2k | $14.07 |
| − OpEx | −$8.2k | −$6.33 |
| NOI | $10.0k | $7.74 |
