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    Allentown Rd Lima, OH 45805

    Sponsored
    For Sale
    $2,461,500

    54.68 Acres, High Traffic Area, Excellent Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 54.68-acre vacant land parcel presents a remarkable investment opportunity in Lima, Ohio. Located in Section 27, American Township, the property boasts significant frontage on both Eastown Road and Allentown Road, ensuring high visibility and accessibility. The land's strategic location offers tremendous potential for a variety of development projects. Its suitability for retail, multi-housing, or other commercial ventures is underscored by its high traffic count. The majority of the land is tillable, comprised primarily of Blount and Pewamo soils, suggesting versatility in potential uses. Priced at $45,000 per acre, this offering represents a compelling value proposition for developers seeking a substantial land holding in a desirable location with excellent development potential. The property's size and location make it an ideal candidate for large-scale projects requiring ample space and convenient access. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The asking price reflects the land's prime location and development potential within a high-traffic area. This is a rare opportunity to acquire a significant land parcel in a thriving community. Detailed surveys and environmental reports are available upon request.

    Property Features for Allentown Rd

    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
    -84.12764
    Latitude
    40.7434

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    FAQs

    What type of property is this?
    Commercial real estate - 54.68 Acres, High Traffic Area, Excellent Potential
    Where is this commercial real estate 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.
    (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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