122 North St Lima, OH 45801

Own a piece of Lima history! This 19,956 square foot, two-story, all-brick building, located at 122 W North St, Lima, OH 45801, is a mixed-use property currently operating at 100% occupancy. Built in 1923 and extensively renovated between 2020 and 2024, this unique property boasts a rich history as a beloved entertainment venue. The Ohio Theater offers flexible usage options, including live productions, concerts, screenings, and restaurant concepts. The former 2,760 square foot "Ohio Room" presents additional development potential, perhaps as a residence or private club. The property includes a state-of-the-art production kitchen, a recently replaced roof, new coolers and freezers, and extensive electrical upgrades. Street retail space provides additional income potential. The 0.413-acre lot is zoned for business use (APN: 37-3106-11-007.000). The asking price is $749,000 ($37.53/sq ft). Liquor licenses (D1, D2, and D3) are transferable. Existing furniture, fixtures, and equipment may be included in negotiations. This Opportunity Zone property presents a unique investment opportunity. Current operations continue; please do not disturb staff.