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    1703 Harding Hwy Lima, OH 45804

    For Sale
    $1,200,000

    Lima, OH retail investment opportunity.

    Property size:
    2,071 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 2,071 square foot commercial property, located at 1703 Harding Hwy in Lima, Ohio, presents a unique investment opportunity. Built in 1994, this single-story building sits on a 0.14-acre lot and is zoned C. Currently vacant, the property offers significant potential for various uses, including an auto shop, convenience store, or quick-service restaurant (QSR), as indicated by its permitted zoning and previous uses. The asking price is $1,200,000, translating to $579.43 per square foot. Its prime location on Harding Highway ensures high visibility and convenient access for customers. The property benefits from easy access to major highways, including Interstate 75, guaranteeing significant traffic flow. The well-maintained structure is ready for immediate occupancy or customization to suit a new tenant's specific needs. This is an ideal opportunity for investors seeking a strong return or entrepreneurs looking for a strategic location to establish their business. The property's features include a single building on a 0.14-acre lot, with a net rentable area of 2,071 square feet. The property is offered as a NNN lease, and the Allen County parcel number is 37-32-12-12-005.000. Serious inquiries only. Price and terms are subject to change.

    Property Features for 1703 Harding Hwy

    General Information

    Property type
    Restaurants
    Square Feet
    2,071 SF
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1994
    Buildings
    1
    Stories
    1

    HighLights

    • $1,200,000 asking price for a vacant, 2,071 square foot retail property.
    • NNN lease type.
    • Located at 1703 Harding Hwy, Lima, OH 45804, on a 0.14‑acre lot.
    • Property includes a single, one‑story building built in 1994, zoned C.
    • Suitable for auto shop, convenience store, or QSR/fast food uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    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
    -84.07428380844
    Latitude
    40.730726203795

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    FAQs

    What type of property is this?
    Restaurant - Lima, OH retail investment opportunity.
    Where is this restaurant located?
    The property is located at 1703 Harding Hwy Lima, OH.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price for a vacant, 2,071 square foot retail property.; NNN lease type.; Located at 1703 Harding Hwy, Lima, OH 45804, on a 0.14-acre lot.
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    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
    1703 Harding Hwy Lima, OH 45804
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