Restaurant/Bar Opportunity in Lima,
1507 Harding Highway Lima, OH 45804
1507 Harding Highway, Lima, OH, 45804
$1,600,000
For Sale
$1,600,000
COMMERCIAL - Lima, OH
Property Size6,690 SF
Lot Size1.18 Acres
Price / SF$239.16
Days on Market147
Property Features for 1507 Harding Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 37-3212-15-001.000
- Size
- 6,690 SF
- Lot size
- 1.18 Acres
Taxes and HOA fees
- Tax Description
- THE HIRAM A HOLDRIDGEADDITION LOTS 15596-15597 & PTLOTS 15590-15595 & 15502-15505
- Tax Annual Amount
- 17363
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2000
- Floors in Building
- 1
Listing Agency
Dick Clark Real Estate, LLC
(419) 695-1006
103 N Main Street, Delphos, OH
Listed by
Linda Stukey
(419) 236-1809
Added: Feb 24 Updated: May 7 at 10:37 am Checked: Jul 21 at 4:06 am
MLS# 309515
Copyright © 2026 West Central Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property in Lima, Ohio, features an existing building of approximately 6,690 square feet, constructed in 2000 and well-maintained. The property includes a beautiful oak bar, restaurant, and kitchen area. Situated on a 1.18-acre lot, the property provides over 110 parking spaces. The location offers easy access to I-75, State Route 309, and State Route 117, benefiting from a high-traffic area and frontage lot. This property is suitable for restaurant or bar use.
Key Highlights
- Prime location with easy access to I‑75, ST RT 309, and ST RT 117.
- High traffic area suitable for business.
- Existing building approximately 6,690 sq. ft. built in 2000.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.8k | $18.96 |
| − Vacancy | −$5.7k | −$0.85 |
| EGI | $121.1k | $18.11 |
| − OpEx | −$30.3k | −$4.53 |
| NOI | $90.9k | $13.58 |
6,690 SF · lease $18.96/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.30M
$1.14M – $1.51M
NOI $90,851 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,797 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Yamato East
Restaurant
Yamato - East
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Sam's Club Cafe — 1150 Greely Chapel Rd, Lima, OH 45804
- Wings and Rings — 1939 Roschman Ave, Lima, OH 45804
- 777 Bar — 1008 Bellefontaine Ave, Lima, OH 45804
- Olive Garden Italian Restaurant — 1936 Roschman Ave, Lima, OH 45804
FAQs
What type of property is this?
Bar & Pub - Well-maintained 6,690 SF restaurant/bar on 1.18 acres.
Where is this bar & pub located?
The property is located at 1507 Harding Highway Lima, OH.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Prime location with easy access to I‑75, ST RT 309, and ST RT 117.; High traffic area suitable for business.; Existing building approximately 6,690 sq. ft. built in 2000.
