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    1415 Bellefontaine Ave Lima, OH 45804

    Sponsored
    For Lease
    Contact for pricing

    High-traffic retail building, prime location.

    Lot size:
    14,840 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 14,840-square-foot retail property in Lima, Ohio, presents a unique investment opportunity. Located at 1415 Bellefontaine Avenue, this single-tenant building sits on a nearly two-acre lot (1.96 acres to be exact), boasting approximately 330 feet of frontage on Bellefontaine Avenue. Its strategic position at the signalized intersection of Bellefontaine Avenue, Harding Highway, and South Leonard Avenue ensures high visibility and accessibility. Built in 2005, the one-story building offers convenient access with three curb cuts on South Robert Avenue and South Leonard Avenue, and is only half a mile from Interstate 75. The property includes 65 parking spaces, well-maintained landscaping, and benefits from significant daily traffic counts: 21,698 vehicles on Bellefontaine Avenue, 26,517 on Harding Highway, and 42,287 on I-75 (according to Ohio Department of Transportation). The property is zoned commercial and features a drive-thru, making it ideal for a variety of retail uses. The Allen County location, specifically within the "Outside Metro Area" submarket, offers a strong foundation for business growth. The property's address is 1415 Bellefontaine Ave, Lima, OH 45804, with the APN 37-3212-16-007.000. The entire 14,840 square feet is currently vacant.

    Property Features for 1415 Bellefontaine Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,840 SF

    Building Details

    Year Built
    2005
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    14,840 SF

    HighLights

    • 14,840 SF retail building on a 1.96‑acre lot in Lima, OH.
    • High‑visibility location at the signalized intersection of Bellefontaine Ave, Harding Hwy, and S. Leonard Ave, with 330 ft of frontage on Bellefontaine Ave.
    • Built in 2005, featuring 65 parking spaces, a drive‑thru, and convenient access via three curb cuts.
    • Located less than half a mile from I‑75, with high daily traffic counts exceeding 20,000+ vehicles on nearby roadways.
    • Currently vacant, offering a unique investment opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Angela M. Guinn, ... Pharmacy Rite Aid Pharmacy Pharmacy David P. Mayerson, ... Pharmacy Rite Aid Drug Store Thomas Wiechart Pharmacy

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.0792667
    Latitude
    40.7312447

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic retail building, prime location.
    Where is this individual retail property located?
    The property is located at 1415 Bellefontaine Ave Lima, OH.
    What are key features of this property?
    This property features: 14,840 SF retail building on a 1.96-acre lot in Lima, OH.; High-visibility location at the signalized intersection of Bellefontaine Ave, Harding Hwy, and S. Leonard Ave, with 330 ft of frontage on Bellefontaine Ave.; Built in 2005, featuring 65 parking spaces, a drive-thru, and convenient access via three curb cuts.
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    1415 Bellefontaine Ave 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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    1415 Bellefontaine Ave Lima, OH 45804
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