0 Allentown Rd Elida, OH 45805
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.