2450 Mandolin Dr Lima, OH 45801
- Commercial real estate
- 17,542 SF
- 3.20 lot acres
Current Use by Public Records
- CRSI (Champaign Residential Services Inc) / Disability Services And Support Organization / Social Services Organization
Property Details for 2450 Mandolin Dr
- Year built
- 1984
- Lot size
- 3.20 lot acres
- Property size
- 17,542 SF
- Property type
- Commercial real estate
- APN
- 36-2406-02-044.00
Description
This Class A, 17,542 square foot multifamily property located at 2450 Mandolin Drive, Lima, Ohio, is offered at $1,400,000 ($79.81/SF). Built in 1984 and renovated in 1999, this single-story building sits on a 3.2-acre lot and offers 150 parking spaces per 1,000 square feet. Currently operating at 100% occupancy with a long-term tenant, the property is zoned for commercial use and is ideal for various multi-housing needs. The property has a history of use as housing for persons with disabilities, leased at $10,000 per month NNN on a year-to-year basis. An attractive investment opportunity is further enhanced by the availability of an additional 2 acres of adjacent land for purchase at $140,000, providing potential for future expansion. The property's Allen County location in a quiet Northside neighborhood offers a stable and desirable setting. This institutional-grade investment, classified as Federal Housing, presents a compelling opportunity for growth and strong returns. The APN is 36-2406-02-044.00.
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
- -84.1224302
- Latitude
- 40.7729977
