1507 Harding Hwy, Lima, OH 45804
Well-maintained 6,690 SF restaurant/bar on 1.18 acres.
Property size:
6,690 SFLot size:
1.18 AcresPrice / SF:
$239/SF- Added:
- Feb 24, 2026
- Days on Market:
- 118
- Last Refresh:
- Jun 22 at 11:26 am
Property Features for 1507 Harding Hwy
General Information
- Standard status
- Active
- Property type
- Bars & Pubs, Restaurants, Commercial real estate
- Size
- 6,690 SF
- Lot size
- 1.18 Acres
Building Details
- Year Built
- 2000
Listing agent Linda (419) 236-1809
Listing office (419) 236-1809
Listing date Feb 24, 2026
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.
Location Intelligence
Current Use by Public Records
Yamato East
Restaurant
Yamato - East
Restaurant
Similar Places 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
Location Insight
- Map
- Local Demand
- City
- Lima
- County
- Allen
- State
- Ohio
- Longitude
- -84.084586
- Latitude
- 40.730254
Nearby Similar for Sale
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 Hwy Lima, OH.
What is the asking price?
The asking price for this property is $1,600,000.
