Brower Rd And Molly Ave Lima, OH 45801
- Land
- 12.96 lot acres
Current Use by Public Records
- Land
Property Details for 0 Brower Rd And Molly Ave
- Lot size
- 12.96 lot acres
- Property type
- Land
Description
This ±12.96-acre parcel in Lima, Ohio, presents a compelling multifamily development opportunity. Located on Brower Rd and Molly Ave, in Allen County, zip code 45801 (40.7696525, -84.1251633), this property is zoned for Class III residential apartments, aligning perfectly with Lima's current rental housing shortage. Its strategic location offers convenient access to I-75 and is within ten minutes of downtown Lima, placing it near major employers and educational institutions. The site is surrounded by high-occupancy apartment complexes, indicating strong market demand. The property's location within a Qualified Census Tract (QCT) may present opportunities for public-private partnerships with the city. Considerable recent investment in Lima (over $2 billion in the last two years) further underscores the area's growth potential. This site represents a significant opportunity to capitalize on Lima's thriving real estate market and contribute to the city's ongoing development. The Elida school district serves this area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lima
- County
- Allen
- State
- Ohio
- Longitude
- -84.1252
- Latitude
- 40.7697
