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    2356 Harding Hwy Lima, OH 45804

    Sponsored
    For Lease
    $15 SF/Yr ($8,702 /Mo)

    Lima, OH: Prime Retail Opportunity

    Lot size:
    6,962 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Eastgate Professional Plaza, a 6,962 square foot Class B freestanding building in Lima, Ohio, presents a unique retail opportunity. Located at 2356 Harding Hwy, 45804, this single-tenant property sits on a 2.63-acre lot (5,950 sq ft) and boasts 36 parking spaces. Currently, 5,950 square feet are available for lease. Completely renovated in December 2023, the building features a new roof, siding, gutters, windows, doors, HVAC units (5), furnaces (5), and electrical upgrades including new emergency lighting, exterior lighting, and meterbases. The property benefits from its proximity to major retailers and a strip mall, ensuring high traffic volume. Ideal for medical suites, dental practices, or other community businesses, the space is divisible into 1,500 sq ft increments. The lease rate is $15.00 per square foot per year, with a CAM charge of $5 per square foot. Built in 1989, this one-story building offers modern amenities and a prime location for a thriving business. The extensive renovations ensure the property meets today's standards, providing a move-in ready space. The property's location and recent upgrades make it an exceptional investment opportunity.

    Property Features for 2356 Harding Hwy

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,962 SF
    Class
    B
    Total Rate
    8702.5

    Building Details

    Year Built/Renovated
    1989/2023
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    5,950 SF
    Rate per SF
    $15

    HighLights

    • New roof installation.
    • New siding installed.
    • New gutters.
    • New windows throughout.
    • New exterior doors.
    • Electrical upgrades include six‑exit emergency lighting with six remote heads, five A/C condenser disconnects, eight LED exterior wall pack lights, and a new 100‑amp three‑phase meter base.
    Property Profile Location Intelligence

    Current Use by Public Records

    Freestanding property

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.062587017991
    Latitude
    40.729472655634

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    FAQs

    What type of property is this?
    Individual retail property - Lima, OH: Prime Retail Opportunity
    Where is this individual retail property located?
    The property is located at 2356 Harding Hwy Lima, OH.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: New roof installation.; New siding installed.; New gutters.
    Request Owner's contact information
    2356 Harding Hwy Lima, OH 45804
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2356 Harding Hwy Lima, OH 45804
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