B-1 Zoned Commercial
2120 N Eastown Road Lima, OH 45807
2120 N Eastown Road, Lima, OH, 45807
$215,000
For Sale
$215,000
COMMERCIAL - Lima, OH
Property Size1,296 SF
Lot Size2.55 Acres
Price / SF$165.90
Days on Market302
Property Features for 2120 N Eastown Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Parking features
- Garage
- Standard status
- Active
- APN
- 36-2202-04-002.000
- Size
- 1,296 SF
- Lot size
- 2.55 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1947
Listing Agency
CCR Realtors
(419) 222-0555
1737 Allentown Road, Lima, OH
Listed by
Gregory Stolly
(419) 302-1890
Added: Sep 19, 2025 Checked: Jul 17 at 2:06 pm
MLS# 308287
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 offering is a commercial property in Lima, Ohio with a small building footprint and land comprising 2.55 acres. The property is described as having nice potential, and it is identified as zoned for business use.
The site fronts on Eastown Road, noted in the remarks as a busy corridor. With its road visibility and larger acreage, the property may appeal to owner-operators or buyers looking for a straightforward commercial parcel with room to work within the existing site.
The stated zoning is B-1 Business, which can support a range of commercial activities consistent with local requirements. Buyers should confirm permitted uses and any development or site requirements with the city of Lima and Allen County. With the combination of a modest structure and a larger land area, this property could be a practical fit for an operator seeking a commercial location along a main road, subject to zoning approval and due diligence.
The site fronts on Eastown Road, noted in the remarks as a busy corridor. With its road visibility and larger acreage, the property may appeal to owner-operators or buyers looking for a straightforward commercial parcel with room to work within the existing site.
The stated zoning is B-1 Business, which can support a range of commercial activities consistent with local requirements. Buyers should confirm permitted uses and any development or site requirements with the city of Lima and Allen County. With the combination of a modest structure and a larger land area, this property could be a practical fit for an operator seeking a commercial location along a main road, subject to zoning approval and due diligence.
Key Highlights
- Zoned B‑1 Business: Ideal for various commercial ventures.
- Located on busy Eastown Road: Benefit from high visibility and traffic.
- 2.55 acres: Ample space for development or expansion.
Local Financial Insights For Apartment 5plus
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 | $20.2k | $15.60 |
| − Vacancy | −$2.0k | −$1.53 |
| EGI | $18.2k | $14.07 |
| − OpEx | −$8.2k | −$6.33 |
| NOI | $10.0k | $7.74 |
1,296 SF · lease $15.60/SF/yr · vacancy 9.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$143.3K
$125.4K – $167.2K
NOI $10,030 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$312.2K
$273.1K – $364.2K
NOI $21,851 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Commercially zoned site on busy Eastown Road, offering a small building footprint within a larger acreage parcel.
Where is this single family property located?
The property is located at 2120 N Eastown Road Lima, OH.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Zoned B‑1 Business: Ideal for various commercial ventures.; Located on busy Eastown Road: Benefit from high visibility and traffic.; 2.55 acres: Ample space for development or expansion.
