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    Allentown Rd Elida, OH 45805

    Sponsored
    For Sale
    $2,722,500

    54 Acres, High Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 54.68-acre parcel of land presents a significant opportunity for commercial or agricultural development. Located in Elida, Ohio, with a Lima mailing address and zip code 45805, the property boasts convenient frontage on both Allentown Road and Eastown Road, ensuring excellent visibility and accessibility. The property's APN is 36270201002000/2004/2002/5000. Currently vacant, this expansive tract is ideal for a variety of uses, offering substantial potential for investors seeking a prime location in Allen County. The asking price for this remarkable land opportunity is $2,722,500, reflecting its significant size and strategic positioning. The sale is a fair market value transaction. Given its size and location, this property is well-suited for a range of commercial ventures or large-scale agricultural operations. Its accessibility and visibility make it an attractive proposition for developers seeking a high-impact location. Detailed surveys and environmental assessments are recommended for prospective buyers to fully understand the development possibilities. This is a rare opportunity to acquire a substantial land holding in a desirable Ohio location.

    Property Features for 0 Allentown Rd

    General Information

    Property type
    Farms

    HighLights

    • Fair Market Value Sale.
    • High‑traffic location with excellent visibility.
    • Strong tenant occupancy rates.
    • Significant upside potential through lease renewals and rent increases.
    • Well‑maintained building with recent capital improvements.
    • Desirable location in a thriving market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elida
    County
    Allen
    State
    Ohio
    Longitude
    -84.1462317
    Latitude
    40.7484457

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    FAQs

    What type of property is this?
    Farm - 54 Acres, High Development Potential
    Where is this farm located?
    The property is located at Allentown Rd Elida, OH.
    What is the asking price?
    The asking price for this property is $2,722,500.
    What are key features of this property?
    This property features: Fair Market Value Sale.; High-traffic location with excellent visibility.; Strong tenant occupancy rates.
    Request Owner's contact information
    Allentown Rd Elida, OH 45805
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    Elida, 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
    Allentown Rd Elida, OH 45805
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