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    000 Logan St Lima, OH 45801

    For Sale
    $389,000

    Exceptional Lima land, ideal for building. Eight street frontages.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional investment opportunity encompasses seven vacant lots ideally situated at the intersection of East Sherman Avenue and Logan Avenue in Lima, Ohio. The property boasts a significant advantage with eight street frontages, providing unparalleled access and visibility. This unique configuration offers substantial potential for a variety of development projects, from residential construction to commercial ventures. The combined acreage of these seven lots presents a rare chance to acquire a substantial land parcel in a desirable Lima location. The absence of existing structures allows for complete design flexibility, enabling the creation of a cohesive and impactful development. Given the strategic location and the substantial frontage, this property is well-suited for projects requiring high visibility and convenient access. The sheer size of the landholding makes it an attractive proposition for developers seeking a significant footprint in a growing area. Detailed site plans and surveys are available upon request. This is a prime opportunity to acquire a substantial land holding in a desirable location, offering significant potential for future development and return on investment. Serious inquiries only. Contact us to schedule a site visit and explore the possibilities.

    Property Features for 000 Logan St

    General Information

    Property type
    Other commercial real estate
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.12309
    Latitude
    40.75572

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    FAQs

    What type of property is this?
    Commercial real estate - Exceptional Lima land, ideal for building. Eight street frontages.
    Where is this commercial real estate located?
    The property is located at 000 Logan St Lima, OH.
    What is the asking price?
    The asking price for this property is $389,000.
    (419) 991-3322
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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
    000 Logan St Lima, OH 45801
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