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Bar & Pub with Parking Lot
For Sale
$179,900

501 N Cole Street, Lima, OH 45805

Commercial Sale, Lima, OH

Property Size5,320 SF
Price / SF$33.82
Days on Market138

Property Features for 501 N Cole Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning B1
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bathroom 1
Parking features Off Street, Parking Lot
Standard status Active
APN 36-2612-15-018.000 & 36-2612-15-017.000
Size 5,320 SF

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1920
Floors in Building 2
Building materials Brick Veneer, Frame
Roof type Asphalt
Listing Agency: CCR Realtors · Real Living
Listed By: Joseph Guagenti
Added: Jun 5 Changed: Oct 17 Last Checked: Oct 20 at 7:06AM
MLS# 310471

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.

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Investment Insights

Based on property information with market context.

Delight Cafe is a 5,320-square-foot bar and pub property at 501 N Cole Street in Lima, Ohio. The sale includes the real estate, equipment, licenses, business name, and goodwill, along with two parcels: the primary property and a separate parking lot. Newer bar stools and games were added this year. The building also includes a second side described as matching the bar’s size and offering additional interior space for improvement.

Constructed in 1920, the brick veneer and frame building has forced-air heat, central air, an asphalt roof, two bathrooms, public water, and public sewer. On-site parking is provided through the parking lot and off-street spaces. The property is zoned B1 and located in ZIP Code 45805.

Key Highlights

  • 5,320‑square‑foot bar and pub property at 501 N Cole Street, Lima, OH 45805
  • Sale includes real estate, equipment, licenses, business name, and goodwill
  • Two parcels included, with a separate parking lot

Property Analytics

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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
Yes
Liquor license

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
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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 - Operating bar property with business assets, public utilities, central air, and additional interior space for future expansion.
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 at 501 N Cole Street, Lima, OH 45805; Sale includes real estate, equipment, licenses, business name, and goodwill; Two parcels included, with a separate parking lot
More about this property
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