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    1945 Elida Rd Lima, OH 45805

    Sponsored
    For Lease
    $108 SF/Yr

    10,000 SF Retail Building, High Traffic Area

    Lot size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10,000-square-foot retail property is ideally situated in a high-traffic area of Lima, Ohio, offering significant potential for a variety of businesses. The single-tenant building boasts ample parking with 75 spaces, ensuring convenient access for customers. The property sits on a two-acre lot, providing ample space and visibility. The building itself is in excellent condition, ready for immediate occupancy. Its strategic location near the University of Northwestern Ohio campus provides a strong customer base and significant foot traffic. This presents a unique opportunity for a business seeking a well-maintained, spacious retail location in a thriving area. The property's size and parking capacity make it suitable for a wide range of retail uses, from larger format stores to multiple smaller businesses. The high visibility and convenient location promise strong potential for attracting customers and building a successful enterprise. Serious inquiries are encouraged to explore this exceptional retail opportunity further. Contact the listing agent for showings.

    Property Features for 1945 Elida Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,000 SF
    Total Rate
    90000

    Unit(s) available at that property

    Space
    Size
    10,000 SF
    Rate per SF
    $108

    HighLights

    • 10,000 square foot retail building.
    • Single‑tenant occupancy.
    • Located on 2 acres with 75 parking spaces.
    • High‑traffic area near the University of Northwestern Ohio.
    • Excellent building condition.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.1397231
    Latitude
    40.7578029

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    FAQs

    What type of property is this?
    Retail property - 10,000 SF Retail Building, High Traffic Area
    Where is this retail property located?
    The property is located at 1945 Elida Rd Lima, OH.
    What is the lease rate?
    The lease rate is $108 SF/Yr.
    What are key features of this property?
    This property features: 10,000 square foot retail building.; Single-tenant occupancy.; Located on 2 acres with 75 parking spaces.
    Request Owner's contact information
    1945 Elida Rd 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
    1945 Elida Rd Lima, OH 45805
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