2090 Cable RdLima, OH 45805

Property Details for 2090 Cable Rd

Year built

2002

Lot size

35.45 AC

Property size (Sq ft)

97,410 SF

Property type

Retail space

APN

36-2310-02-017.000

APU

36231002017000

Description

This exceptional 95,000 square foot industrial property, located at 2090 N Cable Rd in Lima, Ohio, presents a unique investment opportunity. Built in 2002, this single-story building sits on approximately 35.45 acres and boasts a prominent location directly across from the Lima Mall, ensuring high visibility and accessibility along Cable Road. The property's former use as a Home Depot provides a solid foundation for a variety of potential uses, subject to American Township zoning approval. Features include three loading docks, impressive 17-18 foot ceiling heights, and a B2 permitted zoning classification. The expansive size and versatile zoning make this property ideal for warehouse operations, light manufacturing, or retail redevelopment. The seller is open to considering land splits, offering flexibility for potential buyers with varying needs. This is a rare chance to acquire a large, well-located industrial property in a growing market. The asking price is $3,500,000. The property is currently vacant, allowing for immediate occupancy and customization. Its strategic location and substantial size make it an attractive proposition for businesses seeking significant space and high visibility in the Lima, Ohio area. The property's history as a successful retail operation further enhances its appeal and potential for future success.

• CAP approach

  CAP return

  Valuation

  6%

  $27,476,494

  6.5%

  $25,362,918

  7%

  $23,551,280

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,833,368

  Geo Method

  $4,833,368

• Alternative Use

  Use

  Valuation

  Residential

  $21,394,570

  Hospitality

  $19,597,312

  Educational

  $16,304,733

  Medical

  $16,865,478

  Retail

  $25,362,918

Location Insight

City

Lima

County

Allen

State

Ohio

Latitude

40.7648

Longitude

-84.1435

CBSA code

30620

CBSA name

LIMA, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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