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Bar and Pub with Expansion Space
New
For Sale
$179,900

501 N Cole Street, Lima, OH 45805

The sale includes the operating business, real estate, equipment, licenses, name and goodwill.

Property Size5,320 SF
Price / SF$33.82
Days on Market5

Property Features for 501 N Cole Street

General Information

Standard status Active
Size 5,320 SF

Additional Details

Business Included Yes
Equipment Included Yes
Currently Operating Yes

Amenities

true
2
Public
.238 acres
Off Street,Private,Parking Lot
Asphalt
City Street
5320
1

Building Details

Building Size 5,320 SF
Year Built 1920
Stories 2
Listing Agency:
Listed By: Brenda Faine
Source: Koehlerrealty
Added: Oct 26 Changed: Oct 28 Last Checked: Oct 28 at 3:14PM

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 Brenda Faine

Rey
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Investment Insights

Based on property information with market context.

This 5,320-square-foot bar and pub property was built in 1920. The sale includes the business, real estate, equipment, licenses, name and goodwill. An additional section of the building, equal in size to the bar, offers room for further buildout.

The offering comprises two parcels totaling 0.238 acres, including a separate parking lot. Parking is off-street on an asphalt lot, with access from a city street.

Key Highlights

  • 5,320‑square‑foot bar and pub property built in 1920
  • Additional building area matches the bar's size
  • Two parcels totaling 0.238 acres, including a parking lot

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Delite Cafe Bar & Pub

Suggested Use

Top Pick Real Estate Agency Restaurant Electrical Service Hair Salon Computer & Electronic Repair (Bike/Boat/Book/etc) 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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

1,010
Businesses Nearby
26k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 58% Dining 42%
Lee's Famous Recipe Chicken Dining
10,839 visits/mo 0.3 miles
Marathon Shops & Services
7,354 visits/mo 0.2 miles
Dollar General Shops & Services
6,120 visits/mo 0.2 miles
Advance Auto Parts Shops & Services
1,663 visits/mo 0.2 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Similar Off Market Nearby

  • Starbucks — 730 W Market St, Lima, OH 45801
  • Pappy's Lounge — 1000 W North St, Lima, OH 45805
  • Vinnie's Drive-Thru — 858 W North St, Lima, OH 45801
  • Mulligans — 702 W North St, Lima, OH 45801
  • Delite Cafe — 501 N Cole St, Lima, OH 45805

Frequently Asked Questions

What type of property is this?
Bar & Pub - The sale includes the operating business, real estate, equipment, licenses, name and goodwill.
Where is this bar & pub located?
The property is located at 501 N Cole Street Lima, OH.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: 5,320‑square‑foot bar and pub property built in 1920; Additional building area matches the bar's size; Two parcels totaling 0.238 acres, including a parking lot
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