311 E Market St Lima, OH 45801
- Office buildings
- 43,644 SF
- 1.73 lot acres
Current Use by Public Records
- Law Office of Farley K. Banks / Bankruptcy Attorney
- Lima-Umadaop Inc / Tutoring Service
- House of Prayer Lima / Place Of Worship
- All For You Home Care / Home Health Care Service
- Tender Home Care / Home Health Care Service
Property Details for 311 E Market St
- Year built
- 1920
- Lot size
- 1.73 lot acres
- Property size
- 43,644 SF
- Property type
- Office buildings
- APN
- 37-3107-03-002.000
- APU
- 37310703002000
Description
This exceptional investment opportunity presents a substantial 30,000+ square foot office building situated on a 1.7-acre lot in the heart of Lima, Ohio. Its prime location offers immediate proximity to the vibrant downtown area, ensuring high visibility and accessibility. Currently generating income, this property represents a strong, established investment with significant upside potential. The building's substantial size allows for a variety of uses and future development possibilities, catering to a diverse range of tenants or expansion plans. The 1.7-acre lot provides ample space for potential additions, renovations, or even redevelopment projects, allowing for significant long-term growth and return on investment. This is a rare chance to acquire a well-positioned, income-producing asset in a thriving urban core. Given its size, location, and current income stream, this property is ideally suited for investors seeking a stable, high-return investment with considerable future development potential. Serious inquiries only. No signage is present on the property. Contact for showing.
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
- -84.1017
- Latitude
- 40.7407
- CBSA code
- 30620
- CBSA name
- LIMA, OH METROPOLITAN STATISTICAL AREA
