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    302 Robb Ave Lima, OH 45801

    Sponsored
    For Sale
    $2,700,000

    15,102 SF, High-Traffic Location

    Property size:
    15,102 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A retail property, located at 302 W Robb Ave, Lima, OH 45801, offers 15,102 square feet of versatile space on a 1.36-acre corner lot. Built in 2006, this single-story building boasts a convenient drive-thru and is situated in a high-traffic area at the intersection of St. Rt. 65 and Robb Ave, serving both commercial and residential neighborhoods. Previously occupied by Rite Aid, the well-maintained structure is ready for immediate occupancy. The property's permitted commercial zoning allows for diverse uses, including automotive parts stores, various retail businesses, medical facilities, offices, service stores, and daycare centers. The asking price is $2,700,000, translating to $178.78 per square foot. The property's size and layout are ideal for an owner-user seeking a large space or an investor aiming to create multiple units

    Property Features for 302 Robb Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    15,102 SF
    Class
    A
    Lot Size
    59,242 SF

    Building Details

    Year Built
    2006
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Three 5,000 SF units ideal for a strip center.
    • Suitable for office, retail, medical, or daycare uses; also a great restaurant location.
    • Owner‑occupied.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rite Aid Drug Store Kevin R. Bruin, ... Pharmacy Lisa Zeigler, BA Pharmacy Western Union Money Transfer Service higi Health Consultant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.108626680487
    Latitude
    40.759656886173

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    FAQs

    What type of property is this?
    Individual retail property - 15,102 SF, High-Traffic Location
    Where is this individual retail property located?
    The property is located at 302 Robb Ave Lima, OH.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: Three 5,000 SF units ideal for a strip center.; Suitable for office, retail, medical, or daycare uses; also a great restaurant location.; Owner-occupied.
    Request Owner's contact information
    302 Robb Ave Lima, OH 45801
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    Lima, OH 45801
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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
    302 Robb Ave Lima, OH 45801
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