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Flex Industrial Building with Dock Doors
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1162 Latham Ave, Lima, OH 45805

Light industrial property combining garage/warehouse space with a front living area that can be adapted for business use.

Property Size9,908 SF
Price / SF$40.27
Days on Market58

Property Features for 1162 Latham Ave

General Information

Standard status Active
Size 9,908 SF
Property subtype INDUSTRIAL
Zoning Light Industrial

Additional Details

Business Included Yes
Dock-High Doors 2
Listing Agency: Howard Hanna Real Estate Services
Listed By: Jerri Barlage · License #2009002403
Source: Moodyscre
Added: Jun 16 Changed: Aug 8 Last Checked: Aug 11 at 12:06PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna Real Estate Services

Investment Insights

Based on property information with market context.

This flex-style industrial building is zoned Light Industrial and combines a front living area with a commercial garage and warehouse portion. The front section includes an office and 2.5 bathrooms along with a spacious layout described as having 3+ bedrooms, and the space could be converted into multiple office, retail, or professional areas based on the property’s existing configuration. The back portion provides over 5,000 square feet of garage and warehouse space with two dock doors for loading and unloading, plus additional overhead storage. Overhead storage is accessible through an existing conveyor belt system.

The property is located at 1162 Latham Ave in Lima, OH. Access and loading are supported by the two dock doors serving the warehouse and garage area.

For tenants or owner-occupants, the combination of docked warehouse space and a front office/living area makes the building workable for mixed operations that want administrative space on-site. For investors or operators seeking flexibility, the described layout supports options for using, subdividing, or repurposing the front area into multiple business spaces while maintaining dedicated loading and warehouse functionality in the rear portion.

Key Highlights

  • Zoned Light Industrial with flexible potential uses for business, office, retail, or professional space.
  • Front portion includes a spacious living area with 3+ bedrooms, office, and 2.5 bathrooms.
  • Front layout could be adapted into two or three separate office, retail, or professional spaces.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Hair Salon Nail Salon Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Dock-high doors
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

310
Businesses Nearby
Under-served
Demand for This Use

Demographics for 45805, OH

22,740
Population
10,560
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
94%
High-School Grad
14.6 sq mi
ZIP Area
1,558
Density / Sq Mi
$65,954
Median Household Income
$37,126
Median Earnings
$944
Median Rent
$153,700
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Light industrial property combining garage/warehouse space with a front living area that can be adapted for business use.
Where is this flex space located?
The property is located at 1162 Latham Ave Lima, OH.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Zoned Light Industrial with flexible potential uses for business, office, retail, or professional space.; Front portion includes a spacious living area with 3+ bedrooms, office, and 2.5 bathrooms.; Front layout could be adapted into two or three separate office, retail, or professional spaces.
(937) 597-7115 Call to check price and availability
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