Retail Office Building with
1571 ALLENTOWN RD Lima, OH 45805
1571 ALLENTOWN RD, Lima, OH, 45805
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For Sale
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Retail space with four offices plus an open area and basement for flexible workplace or showroom setups.
Property Size2,769 SF
Price / SF$178.76
Days on Market54
Property Features for 1571 ALLENTOWN RD
General Information
- Standard status
- Active
- Size
- 2,769 SF
- Property subtype
- Office
Building Details
- Year Built
- 1961
Listing agency
Superior PLUS Realtors
(419) 222-3040
Listed by
Greg Butcher · License #OH 0000324616
Source
Crexi
Added: May 29 Updated: Jul 10 at 1:49PM Checked: Jul 21 at 1:21PM
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 Superior PLUS Realtors
Investment Insights
Based on property information with market context.
This retail building totals 2,769 SF and is configured with four offices plus an open area that can support additional office use or a showroom. There is also a basement, providing extra usable space for storage or operations. The property was last updated or dated 12/20/2010, according to the provided information.
The building is located at 1571 Allentown Rd in Lima, OH. While specific access details, frontage, and nearby tenants are not provided, the combination of retail space, multiple offices, and a basement makes the layout adaptable for different front-of-house and back-of-house requirements.
For tenants, the property fits well for a business that needs customer-facing retail space along with private office rooms and room to expand that office footprint or convert the open area to a showroom. For buyers, the existing mix of offices, open area, and basement supports straightforward occupancy planning for professional services, sales, or retail-adjacent uses that benefit from dedicated workspaces and additional lower-level space.
The building is located at 1571 Allentown Rd in Lima, OH. While specific access details, frontage, and nearby tenants are not provided, the combination of retail space, multiple offices, and a basement makes the layout adaptable for different front-of-house and back-of-house requirements.
For tenants, the property fits well for a business that needs customer-facing retail space along with private office rooms and room to expand that office footprint or convert the open area to a showroom. For buyers, the existing mix of offices, open area, and basement supports straightforward occupancy planning for professional services, sales, or retail-adjacent uses that benefit from dedicated workspaces and additional lower-level space.
Key Highlights
- Retail space totaling 2,769 SF
- Built in 1961
- Includes 4 offices plus an open area for additional offices or a showroom
Local Financial Insights For Office B
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 | $53.2k | $19.20 |
| − Vacancy | −$6.4k | −$2.30 |
| EGI | $46.8k | $16.90 |
| − OpEx | −$11.7k | −$4.22 |
| NOI | $35.1k | $12.67 |
2,769 SF · lease $19.20/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$501.3K
$438.6K – $584.8K
NOI $35,089 @ 7.0% cap · market cap 7.09%
Second Best
Retail
$157.0K
$137.4K – $183.2K
NOI $10,989 @ 7.0% cap · market cap 2.22%
Theoretical Best
Office A
$667.0K
$583.6K – $778.1K
NOI $46,687 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
ATM
Atm
Superior Credit Union
Credit Union
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FAQs
What type of property is this?
Office units - Retail space with four offices plus an open area and basement for flexible workplace or showroom setups.
Where is this office units located?
The property is located at 1571 ALLENTOWN RD Lima, OH.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Retail space totaling 2,769 SF; Built in 1961; Includes 4 offices plus an open area for additional offices or a showroom
