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    Allentown Rd Lima, OH 45805

    For Sale
    $2,461,500

    LAND - Lima, OH

    Lot size:
    54.70 Acres
    Days on Market:
    39
    Last Refresh:
    Dec 8 at 1:06 am

    Property Features for Allentown Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    36270201002000
    Lot size
    54.70 Acres

    Ron Spencer Real Estate, Inc. (419) 228-8899

    Listing agent D. Ronald Spencer (419) 228-8899

    Listing date Oct 31, 2025

    MLS# 1008224 Listing URL

    Copyright © 2025 Western Regional Information Systems and Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    54.7 AC Vacant Land

    This property features approximately 54.7 acres of vacant land situated in Section 27, American Township. The land offers frontage on both Eastown Road and Allentown Road. Zoned for mixed-use, the property presents great development potential for various uses such as retail, hospitality, and housing. The land is mostly tillable. Taxes are to be determined as the property is currently CAUV. The location benefits from a high daily traffic count.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.160379
    Latitude
    40.754232

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    FAQs

    What type of property is this?
    Land - 54.7 acres of vacant land with development potential.
    Where is this land located?
    The property is located at Allentown Rd Lima, OH.
    What is the asking price?
    The asking price for this property is $2,461,500.
    What are key features of this property?
    This property features: - 54.7 acres of vacant land offers great potential.; - Mixed use zoning allows for diverse development, including retail, hospitality, and housing.; - Frontage on Eastown Rd. & Allentown Rd. provides excellent visibility.
    (419) 228-8899
    Request Owner's contact information
    Allentown Rd Lima, OH 45805
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Allentown Rd Lima, OH 45805
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