Leased Storefront
New
For Sale
$285,000
502 W High Street, Lima, OH 45801
One-half of the building has a lease in place through December 2028.
Property Size11,624 SF
Price / SF$24.52
Days on Market2
Property Features for 502 W High Street
General Information
Standard status
Active
Size
11,624 SF
Occupancy
50%
Additional Details
Gross Income
$30,000
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,128
Amenities
true
Public
Parking Lot
11624
Building Details
Building Size
11,624 SF
Year Built
1940
Stories
1
Listing Agency:
(419) 422-4082
Listed By:
Reed Hubbuch
Source:
Koehlerrealty
Added: Oct 29
Last Checked: Oct 29 at 2:41PM
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 Reed Hubbuch
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 11,624-square-foot storefront building was constructed in 1940. Approximately half of the property is leased through December 2028, providing an existing tenancy within the building.
The property is located in downtown Lima, Ohio, and includes a parking lot.
The property is located in downtown Lima, Ohio, and includes a parking lot.
Key Highlights
- 11,624‑square‑foot storefront building
- Half of the building is leased through December 2028
- Built in 1940
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
37k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Cridersville
Shops & Services
20,736 visits/mo
0.1 miles
Speedway
Shops & Services
10,070 visits/mo
0.1 miles
Dollar General
Shops & Services
5,716 visits/mo
0.1 miles
Demographics for 45801, OH
22,819
Population
9,351
Households
2.4
Avg Household Size
38
Median Age
12%
College-Educated
90%
High-School Grad
45.7 sq mi
ZIP Area
499
Density / Sq Mi
$47,442
Median Household Income
$33,224
Median Earnings
$865
Median Rent
$111,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - One-half of the building has a lease in place through December 2028.
Where is this storefront property located?
The property is located at 502 W High Street Lima, OH.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 11,624‑square‑foot storefront building; Half of the building is leased through December 2028; Built in 1940
