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    447&449 Main St Lima, OH 45801

    Sponsored
    For Sale
    $350,000

    Turnkey Business, Excellent Location

    Property size:
    2,656 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional business opportunity in Lima, Ohio, presents a fee-simple ownership of a two-story, Class B building at 447&449 Main Street, encompassing 2,656 square feet on a 0.061-acre lot. Built in 1920, the property includes one unit and features newer windows, an updated bathroom, a gas furnace, and a refrigerator. The sale includes a substantial adjacent parking lot (Lot #817, 0.241 acres), significantly enhancing the property's value and utility. The building boasts a capacity of 51 and includes an apartment above the bar area, complete with kitchen and living room. Recent upgrades include a new 2022 air conditioning unit, a new 2022 compressor for the walk-in cooler, and a small office equipped with a security monitor. An attached enclosed wood shed and a wood stove (inspected in 2022) are also included. A detailed equipment list is available online. The asking price is $350,000. Property taxes for the first half of the year are $264.34, which includes a $129.01 stormwater assessment and a $2.00 Ottawa River Ditch Maintenance fee. This turnkey operation offers a rare blend of established business and significant real estate potential in a desirable uptown Lima location.

    Property Features for 0 447&449 Main St

    General Information

    Property type
    Investment properties
    Square Feet
    2,656 SF
    Class
    B
    Lot Size
    2,657 SF

    Building Details

    Year Built
    1920
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • $350,000 asking price for a fee simple ownership.
    • Business and building for sale, Class B, 2,656 square feet.
    • Located at 447 & 449 Main St, Lima, OH 45801.
    • One‑unit, two‑story building built in 1920 on a 0.061‑acre lot.
    • Includes adjacent parking lot (0.241 acres).
    • Features updated apartment above the bar, newer windows, updated bath, gas furnace, and refrigerator.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.0801613
    Latitude
    40.786903

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    FAQs

    What type of property is this?
    Investment property - Turnkey Business, Excellent Location
    Where is this investment property located?
    The property is located at 447&449 Main St Lima, OH.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: $350,000 asking price for a fee simple ownership.; Business and building for sale, Class B, 2,656 square feet.; Located at 447 & 449 Main St, Lima, OH 45801.
    Request Owner's contact information
    447&449 Main St 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
    447&449 Main St Lima, OH 45801
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