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    3230 Elm St Lima, OH 45805

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    14,565 SF Vacant Rite Aid Building

    Lot size:
    14,565 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity presents a 14,565 square foot former Rite Aid building situated on a 2.06-acre lot in Lima, Ohio. Located at 3230 W Elm St, 45805, this single-tenant property offers significant potential for redevelopment or repurposing. The entire building is currently vacant, providing immediate occupancy for a new tenant. The substantial square footage and expansive land area offer flexibility for a variety of retail uses, potentially including but not limited to, grocery stores, pharmacies, or other large-format retail establishments. The property's prominent location along W Elm St ensures high visibility and accessibility for customers. Its strategic placement within Lima provides access to a substantial consumer base. This is a rare chance to acquire a sizable, well-located retail property in a growing market. The property's size and location make it an attractive investment for businesses seeking to establish a strong presence in the Lima area. Serious inquiries are encouraged to explore the possibilities this prime retail space offers. The property is ready for immediate occupancy and offers a blank canvas for a new business venture. Detailed site plans and further information are available upon request.

    Property Features for 3230 Elm St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,565 SF

    Unit(s) available at that property

    Space
    Size
    14,565 SF

    HighLights

    • 14,565 SF former Rite Aid building on a 2.06‑acre lot in Lima, OH.
    • Located at 3230 W Elm St, 45805, on a hard corner with a signalized intersection.
    • Features a drive‑thru.
    • Currently vacant and ready for immediate occupancy.
    • Suitable for various large‑format retail uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Marcy L. Maris, ... Pharmacy CDReload - Online Bitcoin ... Crypto Atm Rite Aid Drug Store higi Health Consultant Western Union Money Transfer Service

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon 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
    -84.1640602
    Latitude
    40.737421

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    FAQs

    What type of property is this?
    Retail property - 14,565 SF Vacant Rite Aid Building
    Where is this retail property located?
    The property is located at 3230 Elm St Lima, OH.
    What are key features of this property?
    This property features: 14,565 SF former Rite Aid building on a 2.06-acre lot in Lima, OH.; Located at 3230 W Elm St, 45805, on a hard corner with a signalized intersection.; Features a drive-thru.
    Request Owner's contact information
    3230 Elm St Lima, OH 45805
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    Lima, OH 45805
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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
    3230 Elm St Lima, OH 45805
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