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    1507 Harding Hwy Hwy Lima, OH 45804

    Sponsored
    For Sale
    $1,400,000

    Established Restaurant, Ample Parking, Prime Location

    Property size:
    51,400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property, located at 1507 Harding Highway Unit 1507 in Lima, Ohio, presents a unique investment opportunity. The property boasts a prime location with easy access to major roadways including I-75, State Route 309, and State Route 117, ensuring high visibility and significant traffic flow. The existing building, constructed in 2000 and meticulously maintained, offers approximately 6,690 square feet of well-designed space. The interior features a beautiful oak bar, a fully equipped restaurant kitchen, and ample space for dining. The property sits on a desirable 1.18-acre lot, providing extensive frontage and over 110 parking spaces, a significant advantage in a high-traffic area. The total building size is approximately 51,400 square feet. This turnkey operation is ideal for an established restaurant or a new venture seeking a high-visibility location with substantial parking and excellent access to major transportation routes. The property's size and location make it an attractive investment for a variety of commercial uses. The asking price is $1,400,000.

    Property Features for 1507 Harding Hwy Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    51,400 SF
    Lot Size
    51,401 SF

    Building Details

    Year Built
    2000
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.0853
    Latitude
    40.7242

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    FAQs

    What type of property is this?
    Commercial real estate - Established Restaurant, Ample Parking, Prime Location
    Where is this commercial real estate located?
    The property is located at 1507 Harding Hwy Hwy Lima, OH.
    What is the asking price?
    The asking price for this property is $1,400,000.
    (419) 991-3322
    Request Owner's contact information
    1507 Harding Hwy Hwy Lima, OH 45804
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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
    1507 Harding Hwy Hwy Lima, OH 45804
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