Technical
Financial
Distress signals
Property profile

2450 Allentown Rd Lima, OH 45805

OFF-MARKET
Retail properties & Spaces
Property ID
US66-3017642
5.75 ac lot
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 1.02-acre commercial land parcel presents a prime investment opportunity in Lima, Ohio. Located at 2450 Allentown Rd, this corner outlot boasts ±135 feet of frontage at a signalized intersection, ensuring high visibility and accessibility. The property's Class II Business Wholesale zoning allows for a wide range of commercial uses. Its strategic location within a thriving retail environment, surrounded by established national retailers, guarantees significant foot traffic and brand recognition. The site benefits from its proximity to major employers such as Mercy Health, Lima Memorial, Ford, P&G, and General Dynamics, as well as the University of Northwestern Ohio (approximately 14,000 students) and St. Rita's Medical Center (within 10 minutes). This combination of factors creates a compelling opportunity for businesses seeking a high-traffic location with strong demographics and excellent access to a large consumer base. The property is situated in Allen County, Ohio, with a 45805 zip code. This is a rare opportunity to acquire a well-positioned commercial land parcel in a dynamic and growing market.

Property profile

Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Lot 5.75 ac (250,470 SF)
APN 36-2704-01-003.004
UPID US66-3017642

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Food Market Restaurant
  • Garden Center
  • Tech Support Center (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store
  • Electronics Vending Machine Atm

Location

2450 Allentown Rd Lima, OH 45805-1712
Lima metro Census 10900 LIMA, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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